(EnergyAsia, September 19, Friday)— Australia’s coal seams gas reserves have doubled to about 12,400 petajoules from last year, according to a new report by energy economics group EnergyQuest. It said that increased coal seams reserves and production have successfully addressed looming gas shortages in Australia’s Queensland state. In less than five years, the state has...
(EnergyAsia, September 19, Friday) — China’s Trina Solar said its subsidiary, Changzhou Trina Solar Energy Co Ltd, has signed a sales agreement with Belgium’s Invictus NV, a member of the Benelux TEC-Servicegroup. Under the two-year agreement starting in 2009 with predetermined prices, Trina Solar will supply Invictus with 20MW and 30MW for 2009 and 2010,...
(EnergyAsia, September 19, Friday) — Hong Kong-listed CLP Holdings Ltd has confirmed that it is abandoning plans to build a HK$10 billion liquefied natural gas (LNG) import terminal in Hong Kong’s Soko Islands. (US$1=HK$7.7). The electrical utility said it decided against the project after receiving assurance that Beijing would continue to supply natural gas and...
(EnergyAsia, September 19, Friday) — China’s economic growth will moderate in 2008 and 2009, but it will still remain among the world’s fastest growing economies, said a key Asian Development Bank (ADB) report. The Asian Development Outlook 2008 Update (ADO Update) projects China’s economic growth to moderate to 10% this year from 11.9% in 2007,...
(EnergyAsia, September 19, Friday) — The Asian Development Bank (ADB) said it is lending Azerbaijan $160 million to fund the upgrade of its ageing power transmission facilities. The upgrade will remove transmission choke points, lower system losses, and provide a more stable power supply, especially in the key Azeri industrial hub, near the capital city...
(EnergyAsia, September 18, Thursday) — Swiber Holdings Limited, a Singapore-based offshore services provider, said it has been awarded a contract by CUEL Limited, a leading offshore EPCIC fabrication contractor, to provide offshore installation services in the Gulf of Thailand. The project was secured by subsidiary Swiber Offshore Construction Pte Ltd. The project is part of...
(EnergyAsia, September 18, Thursday) — Vietnamese firms are working on new biodiesel plants in the Mekong delta area in a move to offer a fuel alternative amid rising oil prices. The Mekong market alone absorbs some five million litres per day of conventional diesel, offering a huge opportunity for biodiesel producers. Producer Minh Tu Ltd,...
(EnergyAsia, September 18, Thursday) — The Indonesian government wants China to pay US$10 per million Btu for liquefied natural gas (LNG) from its Tangguh gas project in Papua province. This compares to a price of US$2.4 to $3.8 per million Btu agreed with China in 2002 when crude oil prices were hovering between US$20-30 a...
(EnergyAsia, September 18, Thursday) — A group of investors led by Dubai-based Ecobility Energy Solutions and Daman Investments is planning a three-million-gallon per year biodiesel plant that could start up as early as 2009. It would be the UAE’s first venture into biodiesel. It would use feedstock from non-food resources such as waste cooking oil...
(EnergyAsia, September 18, Thursday) — GE Oil & Gas has been selected to play a key role in one of China’s most important infrastructure projects of the 21st century. In a contract exceeding $100 million, GE Oil & Gas will be supplying pipeline compression equipment for China’s second West-to-East natural gas transmission pipeline. In 2005,...
(EnergyAsia, September 18, Thursday) — Singapore’s Keppel FELS Limited said it has secured a bonus of S$1 million for delivering a jackup drilling rig 49 days ahead of schedule to Discovery Drilling, a joint-venture of Jindal Drilling & Industries (JDIL). (US$1=S$1.43). Work on the rig, DISCOVERY I, also achieved a safety record of more than...
(EnergyAsia, September 18, Thursday) — Taiwanese producers plan to boost the island’s bioethanol capacity to take advantage of high gasoline prices and the country’s 3% ethanol blending mandate due to come into effect in 2011. Taiwan’s demand for bioethanol in gasoline is projected at 300,000 kilolitres per year from 2011. Major producers include Taiwan Sugar...
(EnergyAsia, September 18, Thursday) — The government of India’s northern Himachal Pradesh state is planning to set up power training institutes to increase the supply of skilled workers for the hydro-power sector. The institutes would be similar in concept to India’s world-famous technology institutes and polytechnics. The state government is looking to beef up its...
(EnergyAsia, September 18, Thursday) — NYSE-listed CB&I said its subsidiary, Lummus Technology, has been awarded contracts worth more than US$45 million by Essar Gujarat Petrochemicals Limited for technology licenses and basic engineering related to a major grassroots petrochemicals complex in Vadinar in India’s Gujarat state. The technologies to be provided include ethylene, ethylbenzene, styrene monomer,...
(EnergyAsia, September 18, Thursday) — Developing Asia will face a prolonged period of high and volatile oil prices that will temper growth and force governments around the region to make painful adjustments to policy to encourage increased energy efficiency among consumers, said the Asian Development Bank (ADB). In the latest issue of the Asian Development...
(EnergyAsia, September 17, Wednesday) — The Iraqi government has given China National Petroleum Corporation (CNPC) the go-head to exploit the al-Ahdab oil field in Wasit Governorate at the border with Iran. CNPC’s contract for the field is said to be worth some US $3 billion. Production costs at the al-Ahdab field are estimated at a...
(EnergyAsia, September 17, Wednesday) — Japanese oil refiner Idemitsu Kosan said it is planning to boost its oil product exports to as much as three million kilolitres, or up to 52,000 b/d, by 2011. This compares with 1.5 million kilolitres the company expects to export in the current fiscal year ending March 31 2009, and...
(EnergyAsia, September 17, Wednesday) — Russian Prime Minister Vladimir Putin has said he wants the country’s first oil pipeline to the Far East to be completed as quickly as possible. His announcement comes as Russia is locked into a quarrel with the US and Europe over its recent invasion of Georgia, the small Caucasus nation....
(EnergyAsia, September 17, Wednesday) — US energy officials and representatives from 19 firms visited India and China on a clean energy and environment trade mission early this month. The delegation presented state-of-the-art clean energy technology from the US to help the two emerging giants meet their energy demand in an environmentally sustainable manner. China’s market...
(EnergyAsia, September 17, Wednesday) — The Singapore government has agreed to sell off the Senoko waste incineration plant to an infrastructure business trust. The proposal came from Keppel Integrated Engineering Limited (KIE), a wholly-owned subsidiary of Simgapore’s Keppel Group. While the plant was awarded at an indicative price of S$462 million, its final price will...
(EnergyAsia, September 17, Wednesday) — Singapore’s Tuas Power Ltd said it has been awarded a contract worth “over a billion dollars” to supply multi-utilities to the renewable diesel production plant that Finnish oil refiner Neste Oil Corporation is building in Tuas in the western part of the island. Under the 30-year service contract, Tuas Power...
(EnergyAsia, September 17, Wednesday) — Developing Asian economies will revert to a more moderate growth outlook of 7.5% this year and 7.2% next year after posting its fastest growth of 9% in nearly two decades in 2007, said the Asian Development Bank (ADB). In its Asian Development Outlook 2008 Update (ADO Update), the ADB...
(EnergyAsia, September 17, Wednesday) — Switzerland-listed Meyer Burger Technology AG said it has concluded a follow-up 30 million Swiss franc to supply high tech wire saws to Konca Solar (Wuxi) Ltd to support the Chinese company’s capacity expansion plan. There is option for another contract worth CHF 30 million. (US$1=1.12 Swiss franc). The delivery of...
(EnergyAsia, September 17, Wednesday) — Georgia’s credibility as a reliable transit point for oil and gas supplies to Western Europe has taken a hit in the wake of its conflict with Russia. Last month’s brief military conflict and the ongoing political strife with Russia briefly disrupted the supplies through major pipelines to Europe. Some analysts...
(EnergyAsia, September 17, Wednesday) — The Indonesian government is setting up a high-level team to renegotiate its 2002 Tangguh liquefied natural gas (LNG) deal with China. Under the original contract, Indonesia was to supply LNG at a price of US$2.4 per million Btu. The deal, for 2.6 million tonnes per year of LNG to China’s...