Archive | January, 2013

JAPAN: Idemitsu Kosan in joint venture to export LNG and LPG from Canada

(EnergyAsia, January 31 2013, Thursday) — One of Japan’s largest oil companies, Idemitsu Kosan, has become the latest member of a crowded bandwagon proposing to build a liquefied natural gas project in western Canada for export to Asia. Japan’s third largest refiner will form an equal joint venture with Calgary, Alberta-based pipeline operator AltaGas to […]

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MARKETS: Is globalisation reaching a tipping point? BDP survey finds trade flows becoming more inter-regional

(EnergyAsia, January 31 2013, Thursday) — Global trade flows are becoming more inter-regional as companies move production closer to end markets, suggesting that globalisation could be at a turning point, according to a survey by an international logistics firm. “Global trade flows from manufacturers in the East to consumers in the West are undergoing a […]

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SAUDI ARABIA: SABIC to open four new technology centres this year

(EnergyAsia, January 31 2013, Thursday) — Saudi Basic Industries Corporation has announced the opening of four new state-of-the-art technology and innovation facilities in 2013, two in Saudi Arabia and one each in India and China, bringing the total number of its research facilities around the world to 18. The new centres represent a strategic investment […]

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IRAQ: GE unit opens new facility near Basra to help boost oil and gas production in Rumaila

(EnergyAsia, January 30 2013, Wednesday) — GE Oil & Gas has announced the establishment of a new technology and service centre near Basra City to support development and production of Iraq’s oil-rich North Rumaila region. The facility, which was opened earlier this month, brings the latest GE technology and expertise to local customers to help […]

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MARKETS: OPEC maintains forecasts for 2013 world oil demand growth for third consecutive month

(EnergyAsia, January 29 2013, Tuesday) — For the third consecutive month, the Organisation of Petroleum Exporting Countries (OPEC) has kept its forecasts for global oil demand to grow by just under 800,000 b/d for 2013. With no major revision to its November and December outlook, OPEC said it expects world demand to grow by 760,000 […]

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KYRGYZSTAN: Celsius Coal positioned to benefit from proposed Trans-Asia railway linking Central Asia and China

(EnergyAsia, January 28 2013, Monday) — The Chinese government has completed a feasibility study for the construction of the Trans-Asia Railway linking China with Central Asia, according to a regional coal player citing Kyrgyzstan’s Transport Ministry. Australia’s Celsius Coal Limited, which is developing coking coal deposits in Kyrgyzstan’s Uzgen Basin, said the proposed railway route […]

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AUSTRALIA: International Coal appoints Simpson as CEO

(EnergyAsia, January 28 2013, Monday) — PEOPLE: Australia’s International Coal Limited has announced the appointment of Glenn Simpson as CEO and the resignation of Managing Director Hugh Dai. A trained geologist with an honours degree in Applied Science (Geology) and a Graduate Diploma of Business Administration, Mr Simpson has over 20 years of experience in […]

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SOUTH KOREA: Korea Gas Corp, DNV to jointly launch feasibility study on establishing LNG as bunker fuel

(EnergyAsia, January 25 2013, Friday) — Norway’s DNV said it and Korea Gas Corp (KOGAS) have signed an agreement to jointly study the feasibility of establishing an liquefied natural gas (LNG) bunkering infrastructure in South Korea. The study will focus on the ports in the south-eastern area of Pusan, and western areas around Incheon and […]

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ASIA: Kitsault Energy promotes Canada’s Kitsault town as quickest and cheapest launchpad for LNG exports

(EnergyAsia, January 25 2013, Friday) — Kisault, a town located 800 km north of Vancouver in Canada’s British Columbia province, offers investors the quickest and cheapest platform to export liquefied natural gas (LNG) and other energy products, said newly established Kisault Energy. Kisault, a purpose-built resource town with infrastructure and housing for more than 1,000 […]

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