Archive | August, 2009

AUSTRALIA: ExxonMobil to supply India’s Petronet LNG from Gorgon field

(EnergyAsia, September 1, Tuesday) — Exxon Mobil Corporation said an Australian subsidiary has agreed to the long-term supply of liquefied natural gas (LNG) to India’s Petronet LNG Limited from the proposed Gorgon LNG project in Western Australia. The agreement covers the supply of 1.5 million tonnes per year (million t/y) of ExxonMobil’s share of LNG […]

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ASIA: China and India boost position in climate talks with ambitious solar power plans

(EnergyAsia, September 1, Tuesday) — China and India have unveiled bold plans to develop solar energy, putting teeth to goals for the use of renewable energy, and improving their positions with Western countries on climate change negotiations.   China is looking at increasing its solar power generation to 10 gigwatts (GW) by 2020 while the […]

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AUSTRALIA: Power bills to rise on smart meter rollout

(EnergyAsia, September 1, Tuesday) — Households and small businesses in Australia’s Victoria state may see a A$150 increase in their power bills following the four-year implementation of smart meters. (US$1 = A$1.2). Smart meter technology will allow retailers to monitor electricity usage every 30 minutes instead of the current four times a year when someone […]

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CHINA: Energy efficiency improves in the first half

(EnergyAsia, September 1, Tuesday) — The Chinese government said the country’s average energy consumption declined by 3.53% in the first half of 2009 from the same period last year. It attributed the fall to increased energy efficiency and its massive spending on clean energy projects embedded in its four-trillion-yuan stimulus package. (US$1=6.8 yuan). Possibly now […]

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CHINA: MOU with US on clean energy cooperation signed

(EnergyAsia, September 1, Tuesday) — China and the US, two of the world’s largest emitters of environment-damaging gases, have signed a memorandum of understanding to improve cooperation on clean energy. The document, however, is said to be short on details, and does not resolve their differences on how to reduce greenhouse gas emissions that lead […]

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CHINA: US upbeat on climate change discussions

(EnergyAsia, September 1, Tuesday) — The US has expressed optimism over its discussions with China on climate change issues.   The US chief climate negotiator, Todd Stern, said there were still differences in perspectives, but that the Chinese were keen on a successful outcome in the negotiations. Their recent strategic dialogue appears to have brought […]

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SINGAPORE: Ezra in landmark deal to extract more value from its fleet management expertise

(EnergyAsia, September 1, Tuesday) — Ezra Holdings Limited, the Singapore-based support and marine services provider for the offshore oil and gas industry, said it has signed a vessel operating agreement (VOA) that will power its future returns and growth without any major capital outlay. As part of the agreement, Ezra said it will manage and […]

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AUSTRALIA: US government’s US$32.5 million award for battery used in electric vehicles

(EnergyAsia, September 1, Tuesday) — The US government has awarded a US$32.5 million contract to a company to manufacture an advanced battery invented by Australian science agency CSIRO. The “UltraBattery”, to be produced by US manufacturer East Penn, is part of the US$2.4 billion funding programme for 48 advanced battery and electric-drive projects announced by […]

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MARKETS: Who are the energy speculators?

(EnergyAsia, August 31, Monday) — The US, home to modern capitalism and the world’s oil industry, is seriously considering clamping down on energy speculation. Backed by populist sentiments amid rising commodity prices, the Commodity Futures Trading Commission (CFTC) is working with more than a dozen overseas regulators to define and reduce commodities speculation through tighter […]

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AUSTRALIA: Industry wants greater role for natural gas in renewable energy targets

(EnergyAsia, August 31, Monday) — The Australian government should increase its focus on natural gas in future deliberations on renewable energy target (RET) legislation, said two associations linked to the gas industry. The Australian Petroleum Production & Exploration Association (APPEA) and the Australian Pipeline Industry Association (APIA) said the nation’s leaders should recognise natural gas […]

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