(EnergyAsia, June 13 2011, Monday) — The following is an edited version of “Electric Vehicle Battle Moves Beyond Cars” by Peter Harrop, chairman of IDTechEx. By a big margin, Toyota is number one in the sales of hybrid car and most electric vehicles (EVs) where it is holds a top three position in most countries. (more…)
(EnergyAsia, June 13 2011, Monday) — US-based Post Carbon Institute has released a report examining the key assumptions about the role that natural gas can and should play in the energy future of the US. Founded in 2003, the Santa Rosa, California-based study group sees its role as leading society in the transition to a...
(EnergyAsia, June 13 2011, Monday) — India’s Gujarat NRE Coking Coal Limited said it is raising its coking coal production to 2.5 million tonnes for the fiscal year ending March 2012 from this year’s 1.5 million tonnes. By 2015, it expects to boost its output to six million tonnes by 2015 as it steps up...
(EnergyAsia, June 13 2011, Monday) — Steam coal prices in China have risen to their highest level in more than two years and could head higher in coming months given the strong demand from power plants. China remains at risk of experiencing further power cuts as rising coal prices continue to outpace the recent modest...
(EnergyAsia, June 13 2011, Monday) — Australia’s Labor Party government has released a study that supports its case to promote the pricing and trading carbon emissions as the most effective national scheme to reduce pollution and battle climate change. In an attempt to strengthen its argument for the scheme to be launched in mid-2012, the...
(EnergyAsia, June 10 2011, Friday) — Australia’s Environmental Clean Technologies Limited (ECT) said it has secured an agreement to supply 2,000 metric tonne of test-burn sample coal to China Datang Overseas Investment (CDTO), a subsidiary of China Datang Corporation (CDT), in the third quarter of 2011. ECT said the deal is “a precursor” to an...
EnergyAsia, June 10 2011, Friday) — A consortium comprising Indonesian coal miner Adaro Energy and Japan’s Electric Power Development Co (J-Power) and Itochu Corp has been awarded a landmark tender to develop a 2,000MW coal-fired power plant in Java, said Indonesian state power firm Perusahaan Listrik Negara (PLN). The US$3.2 billion project is the first...
(EnergyAsia, June 10 2011, Friday) — PHI Energy Corporation (PEC), a subsidiary of US-listed PHI Group Inc, has completed the purchase of coal assets from PT Dian Anugrah Pratama (DAP), a Jakarta, Indonesia-based corporation. The deal was announced by PEC’s parent, PHI Group Inc, which is engaged in M&A advisory services, real estate development, mining,...
(EnergyAsia, June 10 2011, Friday) — A consortium comprising Japanese trading house Itochu Corp and South Korea’s SK Engineering & Construction Co Ltd has secured an 80 billion-yen engineering, procurement and construction (EPC) contract from the Turkish power generating company, Enerjisa Enerji Uretim AS, to build a coal-fired power plant in southeastern Turkey. (US$1=80 yen)....
(EnergyAsia, June 10 2011, Friday) — The following is an edited version of a press release by US energy media Platts. Organisation of Petroleum Exporting Countries (OPEC) ministers spectacularly failed to reach an agreement on a crude output increase Wednesday (June 9) in what Saudi Arabian oil minister Ali Naimi described as “one of the...
(EnergyAsia, June 10 2011, Friday) — Herbert Smith said it and its associated Indonesian law firm, Hiswara Bunjamin & Tandjung (HBT), advised Deutsche Bank AG, Hong Kong Branch and Macquarie Capital (Singapore) Pte Limited as placing agents on the US and Indonesian law aspects of the recent US$289 million sale of a stake of approximately (more…)
(EnergyAsia, June 10 2011, Friday) — China overtook the US as the world’s largest energy consumer in 2010 as world consumption surged by 5.6% over the previous year to a record high, said BP in its 60th edition of Statistical Review of World Energy. Last year’s energy demand growth was the strongest since 1973 while (more…)
(EnergyAsia, June 9 2011, Thursday) — Germany’s specialty chemicals company Lanxess said it will invest 200-million-euro in a new neodymium polybutadiene rubber (Nd-PBR) plant on Singapore’s Jurong Island. The 140,000-metric-ton-per-year plant, the largest of its kind in the world, is expected to come onstream in the first half of 2015, creating about 100 jobs. Lanxess (more…)
(EnergyAsia, June 9 2011, Thursday) — Dutch oil and chemical logistics firm Royal Vopak said it and Malaysian engineering company Dialog Group Berhad have agreed to jointly build and operate a bulk liquid storage terminal in Pengerang in the southern Malaysian state of Johor following the favourable outcome of a joint feasibility study announced in...
(EnergyAsia, June 9 2011, Thursday) — China and Iran will set up a joint committee to explore and implement joint oil and gas projects, said the Islamic regime’s Minister of Economic Affairs and Finance, Shamseddin Hosseini. The committee’s formation was provided under a memorandum of understanding on trade and economic cooperation agreed by the two...
(EnergyAsia, June 9 2011, Thursday) — Thanks to reforms undertaken in 2007 by the Indonesian government, investors have been drawn to develop several rail and port projects to support coal production and logistics in the country. The infrastructure investments will also boost economic development in Indonesia, the world’s second-biggest exporter of coal. Bukit Asam Transpacific...
(EnergyAsia, June 9 2011, Thursday) — The Indonesian Coal Mining Association (APBI) has said it supports the government’s recent move to freeze the issuance of new mining permits. APBI executive director Supriatna Suhala said the moratorium is needed to sort out the increasingly complex and troubling issue of overlapping claims of mining acreages by permit...
(EnergyAsia, June 9 2011, Thursday) — Australia’s Environmental Clean Technologies (ECT) Limited said it has terminated an agreement with Vietnam’s Tincom to jointly develop a two-million-tonne per year Coldry coal plant in Latrobe Valley in Victoria state. The companies had agreed to also eventually expand the plant’s capacity to 20 million tonnes per yearIn a...
(EnergyAsia, June 9 2011, Thursday) — Australia’s Riversdale Mining said it has secured agreement to supply European energy trader Trafigura more than US$200 million worth of thermal coal produced from the Benga coal mine in Tete in Mozambique. Riversdale, which did not disclose the quantity of the sale, said the take-or-pay agreement covers all thermal...
(EnergyAsia, June 8 2011, Wednesday) — The Premier of Australia’s leading mining state has slammed said calls by the Green Party to ban new coal mines as unrealistic that could jeopardise the nation’s economy. Queensland Premier Anna Bligh has urged Prime Minister Julia Gillard not to heed the Greens’ proposal, saying it would cost thousands...
(EnergyAsia, June 8 2011, Wednesday) — China’s Yanzhou Coal Mining plans to list at least 30% of its Australian subsidiary by year-end to raise over US$1 billion. Yanzhou, which acquired Felix Resources for US$3.1 billion last October and renamed it Yancoal Australia, must publicly offer at least 30% of the company by end-2012 as one...
(EnergyAsia, June 8 2011, Wednesday) — Brazilian mining giant Vale may soon approve over A$2 billion in investments in coal projects in Australia’s Queensland state. Decio Amaral, the group’s global managing director of coal, said he is optimistic of receiving head office approval for the proposed investments. The Brazilian miner has been making extensive exploration...
(EnergyAsia, June 8 2011, Wednesday) — The global shortage of skilled and experienced workers, often blamed for near misses and accidents in the workplace, is threatening to slow down oil exploration and production activities. As companies race to meet deadlines and constrained budgets, they reduce safety, environmental and health measures, increasing the risk of accidents...
(EnergyAsia, June 8 2011, Wednesday) — Vietnam is gradually reducing its coal exports as it has to meet rising demand from domestic consumers, according to the Ministry of Industry and Trade. The ministry’s energy and petroleum department expects the country’s coal exports to decline to 22 million metric tons this year from 32.2 million in...
(EnergyAsia, June 8 2011, Wednesday) — Ample supplies, robust emerging markets, uncertainty about nuclear power and demand for clean energy all point to a prominent role for gas in the future global energy mix, said the International Energy Agency. In a special report as part of part of its World Energy Outlook (WEO) 2011 series,...