(EnergyAsia, October 2) — China Natural Gas Inc, the first China-based natural gas public company traded in the US capital market, said it has completed the purchase of two retail compressed natural gas (CNG) filling stations located in the city of Xian, Shaanxi province. The two acquisitions bring the total number of operating company-owned retail...
(EnergyAsia, October 2) — Denmark’s Vestas Wind Systems A/S said it has decided to strategically reposition itself in the Indian market. Vestas Wind Systems A/S will through its wholly owned subsidiary NEG Micon India Pvt Ltd continue to focus on NEG Micon wind turbines with a capacity of 750 kW and above. Vestas Wind...
(EnergyAsia, October 2) — Rationing of diesel continues to affect part of China’s eastern and southern provinces in an attempt by the oil industry to prevent hoarding and excessive buying by consumers spooked by rumours of yet another price hike. China has raised fuel prices twice by a total of 15% this year to dampen...
(EnergyAsia, October 2) — GE Energy said its technology has been selected for one of the largest solar power projects in Asia, a three-megawatt facility being developed at Yong Gwang, Korea. GE will supply its high efficient 200-watt solar power modules for the project, along with balance-of-system equipment. KD Solar Co Ltd of Seongnam...
(EnergyAsia, October 2) — Malaysian state energy company Petronas has begun construction of its Group III lubricant base oil plant, the first of its kind in Malaysia and Southeast Asia. The base oil plant, located within the company’s refinery complex in Melaka, is scheduled to come onstream in 2008. It will have the capacity...
(EnergyAsia, October 2) — Word of an “informal” or “unofficial” OPEC production- cut agreement has replaced speculation about military strikes on Iran as price prop in the wake of bearish US weekly oil statistics released on September 27, said commodities broker Fimat. Insiders in at least one OPEC country aren’t doing much to stop the...
(EnergyAsia, October 2) — Singapore’s Keppel FELS Limited said it has secured a repeat order for an ultra-deepwater semisubmersible drilling rig from a wholly-owned subsidiary of ENSCO International Incorporated. The project is valued at approximately US$385 million. To be named ENSCO 8502, the rig is scheduled for delivery by the end of 2009. Choo...
(EnergyAsia, October 2) — Vestas Wind Systems, the world’s leading manufacturer of wind turbines, has announced the opening of its Asia Pacific headquarters in Singapore. The Danish firm said it seeks to strengthen its presence in Asia, deepen relationship with existing customers and build relationships with new customers in new markets. The company said:...
(EnergyAsia, October 2) — The Secretariat of the Global Bioenergy Partnership (GBEP), launched at the 14th Session of the UN Commission for Sustainable Development in May 2006 in New York to promote the use of bioenergy, has opened for business. Located at the Food and Agricultural Organisation (FAO) headquarters and supported by the Italian Ministry...
(EnergyAsia, October 2) — China’s first strategic petroleum reserve facility, the Zhenahi reserve in Zhejiang Province, could be opened up for business this month. The RMB3.7 billion facility has 52 tanks with the capacity to store 5.2 million cubic metres of oil products. Located close to China’s largest refinery, Sinopec Zhenhai Refining and Chemical,...