JAPAN: IEEJ analyst criticises Abenomics for nation’s record trade losses on rising energy import cost

(EnergyAsia, April 11 2014, Friday) — Japan’s trading losses will continue to rise after reaching a record 20.7-trillion yen last year on the back of soaring energy import costs caused partly by the government’s misplaced economic policy, said a senior economist at the Tokyo-based Institute of Energy Economics of Japan (IEEJ). (US$1=102 yen). In a […]

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VIETNAM: Foster Wheeler awarded contract to supply two pulverised coal steam generators

(EnergyAsia, April 10 2014, Thursday) — Switzerland-based engineering giant Foster Wheeler AG said a subsidiary of its global power group has been awarded a contract to design and supply two pulverised coal arch fired steam generators for use at a power plant in Vietnam. Japan’s Marubeni Corp awarded the contract for the two generators to […]

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US: Energy imports at 20-year low as pressure grows on Washington DC to fast-track LNG export plants

(EnergyAsia, April 10 2014, Thursday) — Rising domestic oil and gas production has enabled the US to slash net energy imports to a 20-year low while raising the pressure on the Obama administration to fast-track the development of liquefied natural gas (LNG) exports, said analysts. According to the Energy Information Administration (EIA), US net imports […]

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ASIA: UN agencies call on region’s planners to improve water and energy policies

(EnergyAsia, April 7 2014, Monday) –– Asia Pacific countries must improve their water and energy policies to ensure the sustainability of their societies and long-term economic prospects, said two UN agencies and the Thai government. In making this call in Bangkok last month to mark World Water Day (WWD), the UN agencies reminded Asian leaders […]

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MALAYSIA: Petronas to proceed with US$27b Johor downstream complex, but delays start-up to 2019

(EnergyAsia, April 7 2014, Monday) — Bowing to domestic pressure, Malaysia’s state-owned energy Petronas has decided to proceed with its hotly debated proposal to invest US$27 billion in an oil-petrochemical complex in southern Johor state. Last week, Petronas said it had approved the project’s final investment decision (FID) although it will delay the refinery’s start-up […]

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