INDIA: Reliance threatens to cut LPG production

(EnergyAsia, March 28) — Privately-owned Reliance Industries Ltd (RIL) which supplies a fifth of India’s liquefied petroleum gas (LPG) demand, said it plans to reduce output at its Jamnagar refinery by nearly one million tonnes a year from April 1, 2008. The giant refinery now produces more than 2.6 million tonnes of LPG a year....

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MARKETS: Spot uranium price at record US$95 per pound

(EnergyAsia, March 28) — The weekly spot uranium price has risen to a record US$95 a pound, said the widely watched trade journal Nuclear Market Review. The Sarasota, Florida-based publication, which tracks the uranium market, said the latest spot price rose US$4 ahead of this week’s sealed-bid auction of 100,000 pounds of U3O8 in Corpus...

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INDIA: Indian Oil Corp refinery operating again after fire

(EnergyAsia, March 28) — Indian Oil Corp Ltd said operations at a 20,000 b/d refinery in the northeastern state of Assam are back to normal after it was shut down for a week on March 5. The plant was damaged by fire which officials blamed on a pump leak at the main crude distillation unit....

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MARKETS: Windpower has record year in 2006, says consultant

(EnergyAsia, March 28) — Windpower production in the US chalked up a record growth rate thanks to a recent Production Tax Credit (PTC) extension, heightened awareness and understanding of the potential of wind power, along with its increasing feasibility and efficiency.   According to the Energy & Power Systems Group at consultant Frost & Sullivan,...

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RUSSIA: Fire reduced output at LukOil refinery

(EnergyAsia, March 28) — Russian oil giant LukOil sharply reduced operations at its third-largest oil refinery, a 190,000 b/d plant in Volgograd, after a crude distillation tower was damaged by fire on March 10. The refinery, a major source of oil products to the Black Sea market, accounts for nearly a quarter of Lukoil’s total...

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VIETNAM: Talisman Energy announces continuing exploration success

(EnergyAsia, March 27) — Talisman (Vietnam 15-2/01) Ltd, a wholly owned subsidiary of Talisman Energy Inc, said it has drilled a successful sidetrack well from its Hai Su Trang (HST) discovery off the coast of Vietnam and determined that the adjacent Te Giac Trang (TGT) industry discovery extends onto Block 15-2/01.   The sidetrack well...

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CONFERENCE: Carbon Markets Americas 2007 in Brazil

(EnergyAsia, March 27) — Carbon Markets Americas 2007 brings together potential customers and producers in the world’s carbon market. The event will take place at the Sofitel Hotel in Rio de Janeiro, Brazil from April 3 to 4.             More than 35 carbon experts will address the event including Marco Monroy of MGM international, Helio...

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CHINA: PetroChina to build 10 million tons/year oil refinery in Sichuan

(EnergyAsia, March 27) — China’s largest oil and gas company, PetroChina Co, is planning to build a 10 million tons/year oil refinery in the southwestern province of Sichuan. The refinery, to be linked to an 800,000 tons/year ethylene cracker, will be located in Sichuan’s capital, Chengdu city.    PetroChina will team up with the Sichuan...

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OMAN: National refining capacity boosted to 222,000 b/d

(EnergyAsia, March 27) — Oman boosted its total refining capacity to 222,000 barrels per day last month following the start-up of a new plant and the successful expansion of its previously sole refinery.   The 116,400 b/d export-oriented refinery in the port of Sohar started full production six months behind schedule as a result of...

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KOREA: KOGAS, LG International, and EMS Group and Gulf Coast LNG Partners to join in Calhoun LNG pro

(EnergyAsia, March 27) — Gulf Coast LNG Partners LP (GCLP) said it is developing a liquefied natural gas (LNG) receiving, storage and re-gasification facility at Port Lavaca – Point Comfort also known as the Calhoun LNG Terminal Project to provide the US a safe, reliable long-term source of energy. GCLP said it has executed a...

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SRI LANKA: Lack of investment could shut down oil refinery

(EnergyAsia, March 27) Ð Sri Lanka could lose its only oil refinery as a result of repeated failure by the government to maintain and upgrade the 50,000 b/d plant.   The warning came from trade unions representing workers at state downstream company Ceylon Petroleum Corporation (CPC) who fear their jobs could be at stake as...

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CHINA: Refinery deals with Venezuela, setback in Angola

(EnergyAsia, March 27) — China has agreed to build oil refineries with Venezuela, shortly after losing out in plans for a refinery project in Angola.   Following the recent visit to Caracas by a high-level China National Petroleum Corp (CNPC) delegation, the Venezuelan and Chinese governments have agreed to build three refineries in China that...

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DUBAI: Nico International awarded contract to build storage terminal in Jebel Ali

(EnergyAsia, March 27) — Marine engineering firm Nico International, has been awarded an AED90 million contract by FAL Energy to fabricate and construct an oil storage terminal in Jebel Ali Free Zone, Dubai. (US$1=AED3.6).    Nico International will fabricate and construct eight storage tanks, connecting piping and underground jetty piping. It will also supply project...

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VIETNAM: Four workers killed in oil storage tank explosion

(EnergyAsia, March 27) — Four workers died and at least five others were seriously injured when an oil storage tank in Danang city in central Vietnam caught fire and exploded last week. The workers were performing welding work on one of the gasoline-filled tanks when it ignited and caused a huge explosion.             The welders,...

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NEW ZEALAND: Austral Pacific Energy signs Memorandum of Understanding with Alcan South Pacific

(EnergyAsia, March 26) — New Zealand’s Austral Pacific Energy Ltd said its wholly owned subsidiary, Austral Pacific Energy (PNG) Limited, has signed a non-binding Memorandum of Understanding (MOU) with Alcan South Pacific. The companies plan to investigate the supply of approximately 40 billion cubic feet of natural gas per annum over 20 years to the...

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SINGAPORE: ExxonMobil Chemical expands ethylene cracker by more than 9%

(EnergyAsia, March 26) — ExxonMobil Chemical said it has completed the expansion of its Singapore ethylene cracker by 75,000 tons per year to more than 900,000 tons per year.   The expansion project for the company’s US$2 billion cracker was announced in 2005. ExxonMobil is planning to build a second cracker worth around US$4 billion....

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CHINA: CSC and US’s Environmental Protection Agency seek uniformity in energy efficiency

(EnergyAsia, March 26) — The US Environmental Protection Agency (EPA) said it and China Standard Certification Center (CSC) have agreed to work toward harmonising information on their respective energy-efficiency labels for consumer electronics and office equipment. Labelling helps decrease energy consumption, improve air quality and reduce greenhouse gas emissions.   “EPA and CSC agree that...

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IRAN: Talks with Venezuela to set up joint oil storage off African coast

(EnergyAsia, March 26) — Iran said it and Venezuela are discussing the possibility of jointly building new oil storage facilities in the Comoros Islands off the coast of northern Africa.    According to Iranian news agency reports, Iran’s foreign minister, Manouchehr Mottaki said the proposal was part of a blueprint to help Comoros develop its...

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SINGAPORE: Shell begins work on two units of new petrochemicals complex

(EnergyAsia, March 26) — Anglo Dutch major Shell last week began work on building two facilities within its new petrochemicals complex on Pulau Bukom and Jurong Island.     When complete, the Shell Eastern Petrochemicals Complex (SEPC) will include a new 800,000 tonnes per annum, world-scale ethylene cracker and a 750,000 tonnes per annum mono-ethylene glycol...

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INDIA: Reliance board backs Jamnagar cracker project

(EnergyAsia, March 26 — India’s Reliance Industries Limited (RIL) said it will go ahead with building a two million tonne/year petrochemicals complex at its Jamnagar complex in Gujarat state.   The US$ 3 billion project is expected to come on stream by 2011.   It will use feedstock from RIL’s nearby world-scale oil refinery to...

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QATAR: Qatar Petroleum and ExxonMobil complete RasGas Train 5 liquefied natural gas project

(EnergyAsia, March 26) — Qatar Petroleum and Exxon Mobil Corp said they have completed the construction of the RasGas Train 5 in Doha last week. RasGas Company Limited is jointly owned by Qatar Petroleum (QP) and ExxonMobil RasGas Inc.    RasGas Train 5, one of the largest LNG plants in the world, was completed ahead...

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INDIA: BP, Tata launched new solar energy plant in Bangalore

(EnergyAsia, March 26) — UK energy major and India’s Tata group have launched their new joint 36MW solar photovoltaic (PV) production line in the Indian city of Bangalore. The new unit has helped Tata BP Solar more than double its cell manufacturing capacity to around 50MW per annum.   The company said its next phase...

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KUWAIT: Houston companies win contract to build $250 million power plant

(EnergyAsia, March 26) — Houston, US-based engineering and construction companies HPI LLC and S&W Energy Solutions were recently awarded a US$250 million contract to build the 200-megawatt Shuwaikh power plant in Kuwait. The low emissions, gas-fired power plant is scheduled for completion by May 31 and is expected to be operational in six months.   ...

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SINGAPORE: Tankstore to expand storage capacity by 24%

(EnergyAsia, March 26) — Tankstore is planning to add another 240,000 cubic meters to its oil products storage capacity on Singapore’s Busing island, boosting total capacity to 1.23 million cubic metres. The new tanks will store another 180,000 cubic metres of fuel oil and 60,000 cubic meters of clean products.   Most of the new...

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AUSTRALIA: Wood Mackenzie report predicts coal seam gas to account for 50% of Eastern Australia supp

(EnergyAsia, March 23) — Coal seam gas (CSG) projects could provide half the natural gas supply needs of Australia’s eastern states by 2020, said Scotland-based consulting firm Wood Mackenzie.   Its report, “Eastern Australia Gas and Power Outlook to 2025 Ð Fitting the pieces together,” examines the outlook for the gas and power market in...

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