(EnergyAsia, August 3, Friday) — Malaysia’s electricity demand is expected to grow at 6.3% per year through to 2010. The government is planning to use hydropower to produce 30% of its electricity over the next decade to reduce dependence on fossil fuels. Together with the government’s rural electrification programme, investment in the country’s power generation...
(EnergyAsia, August 2, Thursday) — Australian energy firm AGL may invest in a project to commercialise its share of natural gas resources in Papua New Guinea. One of the ideas being considered involves the construction of an A$11-billion liquefied natural gas (LNG) project (US$1 = A$1.16). In the initial phase AGL’s partner, ExxonMobil, which is leading...
(EnergyAsia, August 2, Thursday) — Cuba and India recently signed an agreement to co-operate in the development of renewable energy sources. India’s Minister for New and Renewable Energy Minister Vilas M. Muttemwar, who was in the Central American country, said both parties will focus on jointly developing wind, solar and biomass projects in Cuba. Fernando...
(EnergyAsia, August 2, Thursday) — A protracted price dispute between India and Iran over a gas pipeline project has spilled over to delay progress on a proposed $22 billion liquefied natural gas (LNG) terminal. The two sides had agreed in June 2005 to a price of $3.215 per million British thermal unit (mBtu) for an...
(EnergyAsia, August 2, Thursday) — Australian upstream company Santos has issued a statement after shutting down a key oil pipeline which sprung a leak last Saturday (July 28). The leak occurred at the Moonie-to-Brisbane oil pipeline (MBP) in the Brisbane suburb of Algester. About 205 cubic metres or 1,300 barrels of crude oil and water has...
(EnergyAsia, August 2, Thursday) — US-based GT Solar Inc, a leading provider of manufacturing equipment and turnkey manufacturing solutions to the photovoltaic (PV) industry, said it has signed a $171 million dollar contract to supply China’s Glory Silicon Energy Co Ltd several DSS450 furnaces for the production of multi-crystalline silicon ingots. The contract is the...
(EnergyAsia, August 2, Thursday) — LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, said it has signed a contract to purchase polysilicon production equipment from US-based GT Solar Inc, a subsidiary of GT Solar International Inc. LDK Solar will purchase polysilicon reactors and other polysilicon production equipment for installation in its...
(EnergyAsia, August 2, Thursday) — NYSE-listed Yingli Green Energy Holding Company Limited, a leading vertically integrated photovoltaic (PV) product manufacturer in China, said it has signed another long-term agreement to supply polysilicon to Wacker Chemie AG of Germany from 2010 through 2018. The total amount supplied will allow Yingli Green Energy to produce 400MW of...
(EnergyAsia, August 2, Thursday) — AMEC plc, A UK-based project management and services company, has agreed to acquire a 60% interest in Batys Kazakhstan Kuat Service Limited (BKKS), a Kazakh oilfield services limited liability partnership, from Kinlee S.A. for a US$10 million in cash, subject to meeting defined performance targets. Last year, BKKS generated revenues...
(EnergyAsia, August 2, Thursday) — The South Korean government has raised its renewable energy investment budget to 1.26 trillion won from 1.1 trillion by 2008. (US$1=925 won). Renewable energy-fired power plants will provide up to 348 MW of electricity by 2008 to supply the needs of 230,000 domestic households. Last year, it invested 125 billion...
(EnergyAsia, August 2, Thursday) — An oil consultant has predicted that growth in world supply of oil products from outside the refining system — biofuels and oil products supplied from natural gas liquids (NGLs) — will lead to a potential oversupply situation in 2010. This is expected to reduce gasoline prices and impact on refinery...