India’s government has rejected SHV Energy India’s proposals to restructure its loss-making liquefied petroleum gas (LPG) operations in India, the country’s local media has reported. SHV Energy is seeking to streamline and reduce the number of its operating businesses through a series of amalgamations and de-mergers. It also aims to have 100% control over its...

HONG KONG (AFX-ASIA) – Dong Fang Gas Holdings Ltd said it is indirectly investing HK$120 million in the mainland gas business via a stake buy in WIT International. (US$1=HK$7.78). The stake acquisition will be made by its indirectly-owned unit China Crystal Investment Ltd, which has agreed to buy a 63% stake in WIT International from...

Singapore’s Energy Market Company has welcomed the announcement by Raymond Lim, Minister of State for Foreign Affairs & Trade and Industry, that the new, liberalised electricity market would be launched at midnight on January 1, 2003. Allan Dawson, EMC’s CEO, said the switchover from the old to the new electricity market will be the culmination...