AUSTRALIA: India targets September signing of 25-year Gorgon LNG import deal

(EnergyAsia, July 24) — India has emerged as a wild card for the purchase of liquefied natural gas from Australia’s Greater Gorgon field. Its officials recently announced they are targeting a September deadline to sign a 25-year agreement to import liquefied natural gas (LNG) although they have yet to agree on pricing issues with the...

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PHILIPPINES: President Arroyo wants to step up trade, investment ties with Libya

(EnergyAsia, July 24) — The Philippines wants to buy crude oil and petroleum products from Libya following last week’s trip by President Gloria Macapagal to Tripoli to meet leader Muammar Ghadaffi.   Secretary Michael Defensor, Chief of Staff, said that President Arroyo had asked Libya to supply crude and oil products at “friendship prices” as...

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INDIA: IOC to expand oil storage and marketing in Udar Pradesh state

(EnergyAsia, July 24) — Indian Oil Corporation (IOC) will invest Rs 2 billion a year over the next few years to expand its marketing infrastructure in Udar Pradesh state. (US$1=Rs45). The company already has a significant presence in the state through its ownership of 20 oil terminals, 24 depots and 1,745 retail outlets which makes...

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CHINA: Shenhua Ningxia Coal Industry Co Ltd and Shell sign coal-to-liquids joint study agreement

(EnergyAsia, July 24) — Shenhua Ningxia Coal Industry Company Ltd and Shell Gas & Power Developments BV have signed a joint study agreement for an indirect coal-to-liquids (CTL) project in Ningxia Autonomous Region using Shell’s coal-to-liquids technology.             Under the agreement (JSA) the partners will work together to investigate the technical and commercial feasibility of...

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CHINA: Joint communique with Sri Lanka covers oil exploration, bunker storage

(EnergyAsia, July 24) — China and Sri Lanka will undertake joint energy projects in the South Asian country including oil and gas exploration, the development of a power plant project and bunker storage operations.             Sri Lanka has allocated a block in the Mannar Basin for China to undertake exploration activities, said a joint press...

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CHINA: Yangshan deepwater port to include country’s largest commercial oil tank farm

(EnergyAsia, July 24) — The Yangshan deep-water port off Shanghai city will include China’s largest commercial oil storage facility when it is fully constructed, said the National Development and Reform Commission, which approved the project. The facility’s first phase includes a 420,000-cubic meter depot for refined oil products and five unloading berths to handle vessels...

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INDIA: ONGC Videsh Ltd to bid for oilfield in Ecuador

(EnergyAsia, July 24) — ONGC Videsh Ltd, the overseas arm of India’s state-owned upstream company ONGC, plans to bid for a large field, said to contain one billion barrels of crude oil, in Eucador. OVL said it and PetroEcuador have signed a memorandum of understanding to jointly bid for the field.   “We plan to...

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CHINA: Composite Technology receives orders for wind turbines and components

(EnergyAsia, July 24) — US-based Composite Technology Corporation (CTC) said it has received orders from Shanghai Electric Group for the delivery of three assembled and two unassembled DeWind 1.25 megawatt D6 wind turbines and orders for various components required to assemble additional D6 turbines.   CTC said three D6 turbines worth a total of US$16...

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LEBANON: Infrastructure, fuel storage facilities destroyed in Israeli attacks

(EnergyAsia, July 24) — Lebanon has suffered possibly billions of dollars worth of damage since it came under heavy bombardment by Israel’s military on July 12. Over the last 12 days, the conflict has destroyed a significant portion of the country’s infrastructure including bridges, roads, factories, homes, hospitals, airports, seaports, power lines and fuel storage...

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MARKETS: High oil prices could offset poor country’s gains from debt cancellation

(EnergyAsia, July 24) — Record high oil prices are undermining some of the benefits of last year’s G-8 achievements on debt cancellation and putting serious stress on many of the world’s most impoverished countries, said a policy paper by two independent groups. In their joint paper, “High Oil Prices: Undermining Debt Cancellation and Fueling A...

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SAUDI ARABIA: International Power Group Ltd to construct waste-to-energy plants

(EnergyAsia, July 21) — US-based International Power Group Ltd (IPWG) said it has been granted approval to start construction of waste-to-energy plants in Saudi Arabia. The licence, which is renewable in three-year terms, was concurrently issued by three Saudi authorities: the Director of General Administration of Assessments and Environmental Qualifications, the Director of Licensing and...

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SINGAPORE: Keppel secures S$30 million contract for first waste-to-energy plant in Finland

(EnergyAsia, July 21) — Keppel Seghers, the environmental technology division of Singapore-based Keppel Integrated Engineering (KIE), said it has secured a S$30 million contract to provide technologies and services for the first waste-to-energy (WTE) plant in Finland. (US$1=S$1.6).   Awarded by Kotkan Energia which supplies power to the city of Kotka, the WTE plant will...

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SINGAPORE: MAS says economy to grow by 5-7% despite high oil price

(EnergyAsia, July 21) — Singapore’s economy is on course to grow by the earlier projected 5-7% this year despite the risk of high oil price, said the managing director of the Monetary Authority of Singapore (MAS), Heng Swee Keat, at a press briefing yesterday.   The Singapore economy grew by 6.4% last year and by...

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UAE: Adnoc to build 18-million-gallon storage facility in Hamriya Free Zone

(EnergyAsia, July 21) — Abu Dhabi National Oil Company (Adnoc) has signed an agreement with Sharjah’s Hamriya Free Zone to build a 18-million-gallon tank farm to store oil products including gasoline, jet fuel, diesel and fuel oil. (US$1=Dh3.6). The Dh260-million farm comprising 14 tanks will be built on 100,000 square metres of land. The tank...

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AUSTRALIA: Queensland Premier welcomes Russian interest in smart fuel technology

(EnergyAsia, July 21) — Australia’s Queensland state Premier Peter Beattie this week welcomed a visit by a high level Russian business delegation to inspect the use of smart technology in raising gas and diesel oil production in the state. The group came from Belon Ltd, based in Kuzbass, Russia.   “Benlon employs 6,000 workers in...

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CLIMATE CHANGE: Greenpeace said Blair’s energy policy destroys the climate

(EnergyAsia, July 21) — Greenpeace said the UK government’s energy review report will neither solve Britain’s energy problems nor help meet its commitment to reduce carbon emissions. The review offered an opportunity to transform the energy system in the UK. Instead, Greenpeace said Prime Minister Tony Blair’s continued obsession with nuclear power has overridden the...

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CHINA: COSL to set up joint venture with Trico Marine Services

(EnergyAsia, July 21) — Hong Kong-listed China Oilfield Services Limited (COSL) said it has formed a joint venture company with NASDAQ-listed Trico Marine Services Inc to develop and provide international marine support and transportation services.   With its registered offices located in Hong Kong, the joint venture company, Eastern Marine Services Limited will provide services...

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INDIA: BHEL awarded 250 MW power plant contract by Tata Power

(EnergyAsia, July 21) — India’s state-run Bharat Heavy Electricals Ltd said it has received an order from Tata Power Company to build a 250 MW thermal power plant in Maharashtra state.   BHEL said it would design, manufacture, supply, test and commission a 250 MW thermal power plant at Tata Power’s Unit-8 in Trombay. BHEL...

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DUBAI: Fujairah Oil Technology to launch heavy oil refining plant

(EnergyAsia, July 21) — Fujairah Oil Technology, an equal joint venture between Nevada-based SulphCo Inc and the government of Fujairah, will commission a Dh91 million oil upgrading refinery in September. (US$1=Dh3.6).             “This is the first such facility in the Middle East, capable of treating 210,000 barrels per day (b/d). Construction of the oil treatment...

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PHILIPPINES: Government comments on Senate’s opposition to biofuels bill

(EnergyAsia, July 21) — The Philippines government has criticised the Senate for delaying the passage of the Biofuels Bill at a time of record energy costs on the world markets.   In a commentary, Manila said biofuels offer a cheaper but equally efficient fuel for the country’s hard pressed motorists. The comparative cost of biodiesel...

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CHINA: Huaneng Power International boosts power generation by 2.2% for the first half of 2006

(EnergyAsia, July 20) — China’s Huaneng Power International Inc said it boosted its power output for the first half of 2006 by 2.2% to 73.424 billion kWh. The increase came mostly from increased output at its power plants in Shantou, Taicang and Yueyang.   The company said seven new generation units at the three locations and the Shanghai...

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EMISSIONS: US carbon dioxide output from fossil fuels virtually unchanged

(EnergyAsia, July 20) — US carbon dioxide emissions from burning fossil fuels edged up by 0.1% from 5,903 million metric tons in 2004 to 5,909 million tonnes last year, according to preliminary estimates by the Energy Information Administration (EIA). The 2005 emissions increase was the third smallest during the 1990 to 2005 period, exceeding only...

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MARKETS: Why We Need an Oil Depletion Protocol

  By Richard Heinberg Mounting evidence suggests that global oil production may soon reach its all-time peak, and that the ensuing slow decline will bring severe consequences.   Mitigation efforts will require many years of work and trillions of dollars in investment. Even if optimistic forecasts are right and the peak is a decade or...

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KOREA: BP to sell off its entire 47.41% stake in Samsung Petrochemical Co

(EnergyAsia, July 20) — BP said it plans to sell off its entire 47.41% equity interest in Samsung Petrochemical Co Ltd (SPC), its joint venture with Samsung located in South Korea. SPC is one of the leading producers of purified terephthalic acid (PTA) in Asia with a total production capacity in excess of 1.8 million...

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MARKETS: Noble Carbon Credits, GFI of India in certified emission reduction deals

(EnergyAsia, July 20) — Noble Carbon Credits, a member of global supply chain manager Noble Group, said it and India’s Gujarat Fluorochemicals (GFL) have completed a series of long term Certified Emission Reduction (CER) purchase and sales contracts. The transaction represents a highly innovative deal structure, involving a mix of guaranteed delivery and off-take commitments...

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