VIETNAM: Government aims to raise Dung Quat refinery’s capacity to 200,000 b/d by 2017

(EnergyAsia, June 30 2011, Thursday) — Vietnam is planning to expand the capacity of its first oil refinery at Dung Quat by more than 50% to around 200,000 b/d by 2017, according to operator Binh Son Refining and Petrochemical Co.The company said it will the government will need to invest up to US$2 billion to…

This article is for Subscriber members only.
Log In Register

OMAN: Oman Oil Refineries renamed Orpic

(EnergyAsia, June 30 2011, Thursday) — Oman Oil Refineries and Petroleum Industries Co has been renamed Orpic.The company said the new name and a rebranding campaign are aimed at reflecting the sultanate’s increasingly modern and inter-linked oil refining and petrochemicals industry which recently was recently restructured to improve efficiency and competitveness.Orpic, formed out of the…

This article is for Subscriber members only.
Log In Register

JAPAN: JX Nippon gradually restoring operations at Kashima refinery

(EnergyAsia, June 30 2011, Friday) — Japan’s largest oil refiner, JX Nippon Oil & Energy, has restored the bulk of operations at its 252,000 b/d Kashima refinery that was affected by the March 11 earthquake and tsunami.Its 145,000 plant in Sendai, the worst hit of the company’s eight refineries, remains closed for repairs, and is…

This article is for Subscriber members only.
Log In Register

INDONESIA: Pertamina aims to build storage tanks near Singapore

(EnergyAsia, June 30 2011, Thursday) — Pertamina, Indonesia’s state oil and gas company, is looking to expand its oil storage capacity as a hedge against supply disruption and rising prices.The company is exploring the possibility of building new crude and crude products storage tanks in new locations like Sambu Island in the Riaus and Tanjung…

This article is for Subscriber members only.
Log In Register

AUSTRALIA: LNG exports to bring in A$36 billion a year, says IEA

(EnergyAsia, June 30 2011, Thursday) — Australia will overtake Qatar as the world’s top liquefied natural gas (LNG) producer and exporter by 2020, earning a whopping A$36 billion in revenue a year, said the International Energy Agency (IEA).In proclaiming that natural gas is entering a “golden age”, the Paris-based agency anointed Australia, which earned just…

This article is for Subscriber members only.
Log In Register

SINGAPORE: “Energy Map of Singapore/Johor 2011” and “Energy Industry in Singapore 2011 with directory”

(EnergyAsia, June 29 2011, Wednesday) — The 2011 edition of this map, measuring 120 cm by 90 cm, shows the latest oil, gas, petrochemical, chemical and power and marine installations and plants in Singapore and Johor.

singapore set 2011  230511

First produced in 1999, this unique map contains latest statistical information including oil and power consumption, refining capacities, power generation capacity and storage facilities.

It also shows Singapore’s facilities for the booming marine and offshore sector which supports global upstream and deepwater oil gas exploration and production activities.

There are data on the volume and value of Singapore’s trade in crude and oil products including LPG, naphtha, gasoline, jet kerosene, diesel, fuel oil and lubricants for 2008, 2009 and 2010.

Complementing this map is the 2011 edition of the Energy Industry in Singapore report, last updated in 2008.

The report contains a directory of personnel involved in the country’s oil, gas, coal, power, petrochemical and marine industries. It also has a list of oil, gas, marine, offshore, power, petrochemical, chemical, logistics, support and engineering companies and their contact details.

An overview of Jurong Island and how their activities contribute to Singapore’s downstream oil, petrochemicals and chemicals production. Three giant oil refineries provide feedstock to more than 30 large downstream manufacturing plants on the island. These petrochemical products are then broken down and converted to materials and plastics for the production of a wide range of household and commercial products.

For details, please contact Admin@EnergyAsia.com or tel 65-6438 0933.

 

AUSTRALIA: Economic outlook for Queensland and West Australia tied to LNG industry expansion

(EnergyAsia, June 29 2011, Wednesday) — The economic outlook for Australia’s Queensland state is tied to its massive liquefied natural gas industry (LNG) that is showing no signs of slowing down, say analysts and government officials.The state is expected to pull in another A$10 billion worth of new investments, with half coming from the LNG…

This article is for Subscriber members only.
Log In Register

JAPAN: JX Nippon may shut down Muroran refinery

(EnergyAsia, June 29 2011, Wednesday) — Faced with dwindling domestic oil demand, Japan’s top refiner JX Nippon Oil and Energy Corp is looking to shut down its 180,000 b/d Muroran refinery in the north.It has been planning to reduce its crude refining capacity by 200,000 b/d by March 2014 after having slashed around 400,000 b/d…

This article is for Subscriber members only.
Log In Register

ASIA: Refiners expanding capacities to position for growth

(EnergyAsia, June 29 2011, Wednesday) — Asian refiners are expanding their capacities and global market share at a time when potential rivals in the US, Europe and Japan are either exiting the business, reducing operations or restructuring their businesses.India’s Bharat Petroleum Corp, Essar, Reliance and IOC, Malaysia’s state-run Petronas and China’s PetroChina and Sinopec are…

This article is for Subscriber members only.
Log In Register

CHINA: May oil demand robust at 9.31 million b/d, but growth slowing down and inventories rising, says Platts

(EnergyAsia, June 29 2011, Wednesday) — China’s apparent oil demand in May reached 39.4 million metric tons (mt) or an average of 9.31 million barrels per day (b/d), which was 8% higher year on year, as state-owned enterprises continued to increase output to meet local market supply needs, said energy media Platts.

But Platts said it detected a slowdown based on the analysis of recent statistics released by the Chinese government.

May’s apparent oil demand was lower than April’s 9.37 million b/d. Also, this was the second consecutive month of single-digit demand growth following the October 2010 to March 2011 period of monthly demand growth in excess of 10%.

“China’s crude oil imports and refinery throughput continued to grow last month, albeit at a slower pace. More importantly, demand appears to have dropped another notch last month, contributing to rising inventories,” said Calvin Lee, Platts senior writer for China.

Chinese refiners processed a combined 38.47 million mt of crude oil in May, or an average of 9.1 million b/d, equating to a 7.5% increase year over year.

Tasked by the central government to maintain adequate supplies of refined products in the local markets, domestic refineries continued to run at a rapid pace last month in a bid to prevent any oil shortages in the country. Yet, May’s throughput was only marginally higher than April’s crude runs at 9.09 million b/d.

With China refineries experiencing very low or negative margins, the Chinese companies are not well motivated to process more crude to meet the potential diesel demand surge, industry consultancy FACTS Global Energy said in a brief earlier this month.

In the meantime, net product imports last month were only 930,000 mt, or an average of 210,000 b/d. Thus, net imports in May were the lowest this year, reflecting the fact that Chinese companies’ appetite for imports has ebbed due to high prices in the global markets.

According to an estimate released earlier this month by the National Development and Reform Commission (NDRC), China’s consumption of refined products in May grew 5.2% year on year to 20.19 million mt. But consumption was down 28,000 mt from April.

Coupled with increased production, the May drop in consumption helped to boost inventories and oil product stocks at month’s close were one million mt greater than a year ago, the country’s top economic planning agency said in its monthly industry report.

A month ago, NDRC reported that consumption of oil products in April grew at a faster pace of 8.3% year over year to 20.4 million mt. Oil product inventories at the end of April were 450,000 mt more than a year earlier.

In a separate report earlier this month, the NDRC said China’s state-owned oil majors Sinopec and PetroChina held in storage by late May more than 13 million mt of refined products, a level which the NDRC termed as a “reasonable level.”

Mr Lee said: “A recent supply crunch appears to have dissipated for now. But it could be a different story if power shortages worsen, forcing industrial users to fall back on diesel power generators, and peak summer demand for transportation fuels cause another tightening in supply.”

COMPANIES: BG Group signs agreement with Bank of China for access to US$1.5 billion funding

(EnergyAsia, June 29 2011, Wednesday) — UK’s BG Group said it has signed a key cooperation agreement with Bank of China that allows for it to access up to US$1.5 billion in new funding options to support its expansion in the global gas industry.

Building upon their existing commercial relationships, the Memorandum of Understanding (MoU) confirms their intention to make extended credit facilities available to support BG’s global growth plans, including its operations in China where the group has an established commercial presence and where an initial offshore exploration programme is underway.

The MoU also identifies other areas of potential cooperation including investment banking services, derivatives products, bank deposits, insurance and international settlement and trade finance facilities.

Separately, BG Group already has a US$200m lending facility in place with Bank of China which is just one of a series of committed lending facilities that the company has with a group of international banks.  These lending facilities in aggregate have been recently increased and extended and now total US$4.4 billion.

In signing the MoU with the Bank of China chairman Gang Xiao, BG’s chief executive, Frank Chapman, said:

“This is a significant agreement for BG Group. It affirms and enhances our existing excellent relationship with the Bank of China. BG Group has a well established presence in China as a result of our LNG sales into this valuable and rapidly growing market, through a long-term sales and equity agreement with CNOOC in our QCLNG project in Australia, and with an extensive exploration programme offshore China that has already produced a discovery.

“This agreement builds on our existing facilities with Bank of China and provides the option for substantial additional funding for our commitments in China and also our global growth programme.”

BG Group plc is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 25 countries on five continents, the company has a broad portfolio of exploration and production, liquefied natural gas (LNG) and transmission and distribution business interests.

PEOPLE: New appointments at Singapore-based firms, SGX, SMX and BDP

(EnergyAsia, June 29 2011, Wednesday) — Three Singapore-based firms, Singapore Exchange, Singapore Mercantile Exchange and BDP, have named senior executive appointments.

Singapore Exchange (SGX) has hired a veteran oil trader for the first time to head its commodities business underlining its attempt to become a leading commodities exchange in Asia.

Julie Heng, a gasoline trader, joined from European trading firm Mercuria Energy – where she set up and headed its gasoline trading team in Singapore. She had previously served in various trading, business development and leadership roles at the Shell Group of Companies and Esso Singapore for more than two decades.

Ms Heng, a chemical engineer by training, will report to SGX President Gan Seow Ann.

Singapore Mercantile Exchange (SMX) has appointed V. Hariharan, a board member, as interim CEO to take over from Thomas McMahon who will leaves the company at the end of this month but will remain as an external adviser.

Mr Hariharan has been with the parent company, the Financial Technologies Group, since December 2000.

Logistics firm BDP International (BDP), which counts global oil and chemical companies among its key customers, has promoted David Poh to the position of general manager for Singapore.

In his new role Mr. Poh, who was last Head of Chemical Logistics and Supply Chain Operations, will be responsible for all Singapore operations including strategies to grow the Singapore business.

BDP said Mr Poh played a crucial role in establishing BDP as the market leader in chemical logistics in Singapore, and was responsible for setting up its warehouse and distribution operations.

Mr. Gary Chan, the Asia Pacific managing director of BDP International, said:

“BDP is expanding its operations throughout Asia by entering new markets as well as growing our market share in established countries like Singapore.  As a global trade hub, Singapore is of pivotal importance to our Asian operations. 

We are confident that David is the best man to lead our Singapore team.”

INDONESIA: PLN forced to import gas amid depleting domestic supply

(EnergyAsia, June 28 2011, Tuesday) — Faced with depleting domestic supply and rising oil prices, Indonesia’s state electricity monopoly PT PLN said it will have to import a significant volume of natural gas this year.The company is exploring the possibility of importing around 1,000 million standard cubic feet a day (mmscfd) from either Australia, Papua…

This article is for Subscriber members only.
Log In Register

MARKETS: Experts express doubts over IEA’s strategy shift in releasing stockpile to influence oil markets

(EnergyAsia, June 28 2011, Tuesday) — If International Energy Agency (IEA) members opened their emergency oil stockpiles last week to ward off a global recession, the move marks a major shift in countries’ approach to intervening in the oil market, two industry experts said on the Platts Energy Week, a US independent, all-energy television news…

This article is for Subscriber members only.
Log In Register

CHINA: CNPC unit to start work soon to expand and upgrade Cuba refinery

(EnergyAsia, June 28 2011, Tuesday) — A subsidiary of state-owned China National Petroleum Corp (CNPC) is expected to start work on expanding and upgrading the antiquated 65,000 b/d Cienfuegos refinery in Cuba.Haunqiu Contracting and Engineering Corp will team up with Cuban-Venezuelan oil company Cuven Petrol SA and Technip Itali SA, a unit of the French…

This article is for Subscriber members only.
Log In Register

SAUDI ARABIA: Plans to raise, maintain production at nearly 10 million b/d

(EnergyAsia, June 28 2011, Tuesday) — Saudi Arabia plans to raise its oil production to average nearly 10 million b/d in June and coming months following the failure of the OPEC meeting earlier this month to set a production quota.Citing anonymous sources, news agencies said state Saudi Aramco will proceed to stamp its authority over…

This article is for Subscriber members only.
Log In Register

UPSTREAM: Canadian oilsands production to reach 4.9 million b/d, investments to exceed C$2 trillion by 2035

(EnergyAsia, June 28 2011, Tuesday) — Canada could attract more than C$2 trillion worth of investments into its oilsands projects over the next 25 years, according to the Canadian Energy Research Institute.The institute said investors that had postponed projects during the price crash of 2009 have revived plans to expand or upgrade.In its latest forecast,…

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Exxon Mobil-Shell to expand Adelaide terminal by more than 10% by mid-2012

(EnergyAsia, June 28 2011, Tuesday) — Exxon Mobil said it and Shell will expand their jointly-owned Birkenhead storage terminal in Adelaide in South Australia by more than 10% with the construction of a new nine-million-litre diesel tank.

Exxon Mobil did not say how much the project would cost when completed next June to bolster Birkenhead as the largest terminal for storing and handling gasoline, jet fuel and diesel in the state.

Operated by Mobil on behalf of the joint owners, the terminal occupies a 15-hectare plot between Victoria Road and Elder Road at Port Adelaide.

Since 2008, Exxon Mobil said its subsidiary has invested more than A$20 million in its Australian fuel terminal infrastructure. (US$1=A$0.95).

“Mobil Birkenhead has extensive road and rail loading gantries which support the distribution of product throughout Adelaide and surrounds, to farther regions of the state, and into areas of New South Wales and central Australia,” said Exxon Mobil.

IRAQ: Honeywell awarded automation contract by North Refineries Company, plans expansion

(EnergyAsia, June 28 2011, Tuesday) — US engineering giant Honeywell said it has been selected by Iraq’s largest refining company as its main engineering, procurement and construction (EPC) contractor to upgrade the automation systems at its plant in the town of Baiji.

The US$9.6 million contract by North Refineries Company (NRC) calls for an upgrade of its existing control system to improve operational efficiencies, reliability and safety at the refinery.

Honeywell said it will replace the plant’s 30-year-old single loop instrument control system with its solutions that will fully automate the facility. The new automation investment will allow NRC to maximise productivity while offering full scalability to support future technology upgrades.

Honeywell said its technology will manage a wide range of processes, helping to optimise yield while reducing maintenance costs by up to 30%. The US firm will also provide technical training to NRC employees to “promote seamless migration” from the plant’s existing systems.

Abdulghafoor Abduljabbar, director general of North Refineries Company, said:

“The refinery is the largest of its kind in Iraq and is a vital part of our country’s energy industry. Our primary goal is to optimise production levels and our decision to invest in a state-of-the-art automation solution reflects that.

“From the start, we were aware that selecting the right technology partner would play an important role in this project’s success. Our decision to work with Honeywell was based on their track record and ability to meet and exceed our requirements.”

Norm Gilsdorf, President of Honeywell Process Solutions, said:

“As Iraq’s hydrocarbon industry grows there is a focus on improving efficiency and reducing downtime caused by the continued use of legacy equipment. By using our latest automation suite, the North Refinery will become more efficient, maximising yields and further contributing to Iraq’s economy.”

Honeywell opened a full-service office in Baghdad last October to supply technology solutions such as process automation equipment to Iraq’s oil and gas industry. The company plans to open several more offices in southern and northern Iraq over the next few years.  

SINGAPORE: EV charging station firm Greenlots secures funding

(EnergyAsia, June 27 2011, Monday) — With installations of charging networks for electric vehicles in 11 countries, Singapore-based Greenlots said it has successfully concluded a round of equity financing to help accelerate its global growth.

Led by SBI Ven Capital, the overseas investment arm of SBI Group and Japan’s largest independent venture group, and Tembusu Partners, a leading pan-Asian private equity investment manager, Greenlots will further its position as the leading provider of charging networks in Asia and strengthen its presence globally. The investment will be made through SBI Jefferies Asia Fund LP and Tembusu Growth Fund II Ltd.

Oliver Risse, Greenlots’ managing director, said the financing marks “another big milestone in our global roll-out of electric vehicle charging networks. With support from the Singapore government, we were able to develop best-of-breed charging solutions for the major move to electric mobility. Now, with the strong investment commitment and relationships of SBI Group and Tembusu Partners, Greenlots will be able to accelerate the scaling of the business globally.”

Brijesh Pande, director of SBI Ven Capital Pte Ltd and Greenlots, said:

“As a global investor in clean energy and technology, we are very excited about the potential for Greenlots given the worldwide demand for sustainable transportation. We are in the midst of the global introduction of electric vehicles, and Greenlots has the right technology and solutions for their mass adoption.”

Mahim Chellappa, Tembusu Partners principal and Greenlots director, said:

“We are confident that Greenlots offers a significant value proposition for utilities, municipalities, EV manufacturers and private network operators with their turn-key solutions. Greenlots has strong momentum as a pioneer in the sector and we are excited to be able to help facilitate the growth of the company.”

Established in 2008, Greenlots is Asia’s leading provider of charging solutions for electric vehicles with installations throughout the region. Globally, the company has installations in 11 countries in Asia and Europe, and is expanding to North America.

In Asia, Greenlots is working on a major test-bed project with the Singapore government’s EV Task Force. In Europe, the company is supporting a major European government project with advanced smart grid functionality and several major European auto manufacturers.

Greenlots designs and delivers charging networks for electric vehicles. It provides the enabling platform for utilities, municipalities, EV manufacturers and distributors and other private businesses to install, own and operate their own EV charging network. Greenlots’ charging solutions are designed to be affordable, easy to install, convenient to use, networked and global.

SINGAPORE: Companies and organisations invited to participate in S$20 million electric vehicle test-bed

(EnergyAsia, June 27 2011, Monday) — Singapore has launched its much-anticipated national system to test and gauge different electric vehicle (EV) prototypes and charging technologies in the city-state’s highly urbanised environment and road conditions before deciding whether to roll it out for mass adoption.

Officially launched on June 25, the S$20 million, three-year trial project makes Singapore among the first cities in the world to test-bed an ecologically sustainable and integrated transport solution at the system level. (US$1=S$1.25).

The test-bed system is the work of the inter-agency Electric Vehicle (EV) Taskforce, led by the Energy Market Authority (EMA) and the Land Transport Authority (LTA).

The EV test-bed comprises three outdoor and two indoor charging stations, five units of the Mitsubishi i-MiEVs, four smart electric drive Daimler vehicles, and participants comprising LTA, Ministry of Manpower (MOM), Mitsubishi Corporation and local power company Senoko Energy.

The test-bed will focus on gathering data and insights to guide the planning for future deployment of EVs, including the optimal ratio of charging stations to vehicles.

For the convenience of the test-bed participants, charging stations have been designed to automatically collect data on the EV users’ charging patterns. To provide an adequate period for data collection, the test-bed will be extended by one year until end of 2013.

The first batch of normal-charging stations has been deployed at accessible locations for the pioneer batch of EV users while the first quick-charging station will be deployed in the third quarter of 2011. Normal charging stations need about seven to eight hours to fully charge up a vehicle while quick chargers take about 45 minutes.

Daimler South East Asia (SEA) Pte Ltd, a unit of the German auto giant, said it will make available a total 20 smart electric drive vehicles for lease under the test-bed scheme from next month. Daimler said it is participating in the project as part of its global programme to test driver behaviour and customer acceptance of EVs in real-world conditions in major cities around the world.

Mitsubishi said it will bring in another 10 i-MiEV units from Japan by end-2011, adding to the five already in Singapore.

The test-bed will be scaled up over time, with the charging infrastructure growing in tandem with the take-up rate of EVs in the test-bed.

Robert Bosch (South East Asia) Pte Ltd has been appointed as the first charging service provider (CSP) to design, develop, deploy, operate and maintain the charging infrastructure of the EV test-bed programme.

Bosch, which is testing its eMobility station outside its Germany home-base for the first time, will work closely with future test-bed participants to install dedicated charging stations to meet their charging needs. Other players are welcome to set up EV charging stations on a commercial basis.

Martin Hayes, president and managing director of Robert Bosch (South East Asia) Pte Ltd, said:

“Our eMobility solution is a comprehensive and state-of-the-art system for the EV test-bed. User-friendly, robust, scalable, cost effective, highly secure and easily adaptable for future concepts, it will support the development of a vibrant electric vehicle city transportation ecosystem for Singapore. This aligns with the Singapore government’s vision for an environmental-friendly and self-sustainable transportation infrastructure. We are privileged to contribute to this important milestone.”

Greenlots, a Singapore-based EV charging systems company, is supplying Bosch with the locally-produced all-weather tamper-proof chargers.

According to founder and managing director Olivier Risse, the smart chargers will measure and control power supply to prevent brown-outs in the building where the chargers are installed.

The EMA and LTA are inviting interested companies and organisations to participate in the project through the Enhanced Technology Innovation and Development Scheme (TIDES-PLUS) which is jointly administered by EDB and LTA to waive off all vehicle taxes and duty for an initial period of six years. Details are available on the EMA website, www.ema.gov.sg.

EMA’s chief executive, Chee Hong Tat, said:

“The purpose of the EV test-bed is to gain a better understanding of EV technologies, business models and user preferences which will give us more information to determine the feasibility of using EVs in Singapore.”

Chew Hock Yong, LTA’s chief executive, said:

“The launch of the electric vehicle test-bed marks a significant milestone for land transport in Singapore. We are encouraged by the support of the business community for this test-bed. We all have the same objective, which is to push towards a cleaner, greener and more sustainable transport system, and a better living environment in Singapore.”

Tan Choon Shian, deputy managing director of the Singapore Economic Development Board, said:

“The EV test-bed is an excellent example of how Singapore presents itself as a ‘living laboratory’, in this case for EV manufacturers, charging solution providers and automotive component players, working closely with various stakeholders in both government and utilities sector. In meeting Singapore’s need for sustainable mobility solutions, we invite private sector players to partner us in the development and testing of innovative solutions.”

ASIA: Region must take radical steps to promote clean energy production and use, says ADB

(EnergyAsia, June 27 2011, Monday) — With an energy crisis looming, Asian nations must “take radical steps” to increase energy efficiency and invest in renewable energy, said Asian Development Bank (ADB) President Haruhiko Kuroda.

The Asia Pacific’s strong economic growth and its increasing population are generating the world’s fastest growing demand for energy that could double by 2030.

Mr Kuroda said the lack of energy security may reverse the region’s hard-won gains in poverty reduction while continued reliance on fossil fuels will also increase the threat of climate change, thus affecting millions of Asia’s poor and vulnerable through increased natural disasters and shortages in food and water.

“Asians have more to lose from climate change than any other people. The climate fight will be won or lost by decisions made in this region,” said Mr. Kuroda in an introduction to the Sixth Asia Clean Energy Forum (ACEF) in Manila last week.

“An important key to lowering energy intensity is the elimination of fossil fuel subsidies and transition to renewable energy. Asia must also take radical steps to increase energy efficiency.”

To meet the rising demand for energy and improve the lives of 800 million people in Asia with no access to electricity, a significant push is needed to fast track new business models and policies for clean energy development.

With over 500 participants from 60 countries in attendance, the ACEF is being co-organised by the United States Agency for International Development, the World Resources Institute, and ADB to promote dialogue on scaling up clean energy efforts in the region.

Having invested US$1.76 billion in clean energy last year, ADB said it is on target to meet its goal of reaching US$2 billion annually by 2013. The bank’s Asia Solar Energy Initiative was launched in 2010 to help develop 3,000 megawatts of new solar energy by 2013. It recently announced a plan to inject US$60 million into three venture capital funds to provide early stage financing support for new climate technology products. This initiative is expected to leverage over US$400 million in private sector investment.

Amory Lovins, co-founder, chairman and chief scientist for Rocky Mountain Institute (by video), and Mohamed El-Ashry, senior fellow, UN Foundation and Chairman of the Renewable Energy Policy Network for the 21st Century (REN 21), were among the event’s guest speakers.

MARKETS: Consultant predicts global gas glut to dissipate as early as late 2012

(EnergyAsia, June 27 2011, Monday) — The global oversupply of natural gas could be over by late 2012 instead of 2014/15 as predicted earlier, causing spot prices to spike higher than contract prices in both Asia and Europe, said consultant Wood Mackenzie in its latest ‘Global Gas’ report.“The global oversupply of gas, which was previously…

This article is for Subscriber members only.
Log In Register

JAPAN: IEEJ raised oil demand growth forecast to compensate for loss of nuclear power

(EnergyAsia, June 27 2011, Monday) — The following is an edited extract from the latest ‘Australian Commodities June quarter’ report by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). “The Institute of Energy Economics Japan (IEEJ) has revised upward its forecast of Japan’s oil consumption for the year to March 31 2012…

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Coal exports to recover strongly next FY after declining this year, says state agency

(EnergyAsia, June 27 2011, Monday) — The volume and value of Australia’s coal exports are expected to recover strongly in the next fiscal year ending June 30 2012 to reach record highs after declining in the current year to June 30 2011, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES)….

This article is for Subscriber members only.
Log In Register