JAPAN: Hitachi develops high-powered lithium-ion battery for use in hybrid electric vehicles

(EnergyAsia, June 1, Monday) — Japan’s electronics giant Hitachi Ltd said it and subsidiary, Hitachi Vehicle Energy Ltd (HVE), have developed a lithium-ion battery with the world’s highest power density of 4,500 W/kg. The new battery with 1.7 times the output of the company’s mass-produced automotive lithium-ion batteries will become available to domestic and overseas...

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JAPAN: Sanyo claims HIT solar cells achieved highest energy conversion efficiency of 23%

(EnergyAsia, June 1, Monday) — Japan’s Sanyo Electric Co Ltd said it has set yet another record for the world’s highest energy conversion efficiency in practical size (100 cm2 or more) crystalline silicon-type solar cells, achieving a efficiency of 23% at a research level for its proprietary HIT solar photovoltaic cells. The company said it...

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VIETNAM: Vinacomin to invest 73-trillion dong to develop country’s largest coal deposit

(EnergyAsia, June 1, Monday) — Vietnam’s state coal monopoly, Vinacomin, said it is planning to invest 73-trillion dong to mine the country’s biggest coal deposit in the northern region’s Red River Delta Basin. (US$1=17,800 dong). The company said it is looking to develop 11 projects from the estimated 210 billion tonnes of deposit that is...

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JAPAN: EV adoption boosted by new battery switching technology and charging infrastructure

(EnergyAsia, June 1, Monday) — A California, US-based electric vehicle services provider and intelligent network builder said it has helped the mass-market adoption of electric vehicles (EV) by unveiling what it says is the world’s first battery switch technology that comes along with electric car charging spots. “This simple range extension technology delivers a cleaner,...

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VIETNAM: Cavico subsidiary receives investment certificate for wind power plant

(EnergyAsia, June 1, Monday) — Cavico Corp, a leading infrastructure development company in Vietnam, said its wholly owned subsidiary, Cavico Transportation, has received its investment certificate from the Lam Dong’s People Committee for the wind power plant in Cau Dat-Xuan Truong Village in Lam Dong province. Cavico had earlier announced that it planned to actively...

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CHINA: Suntech to build 1.5MW solar system in Jiangsu province

(EnergyAsia, June 1, Monday) — NYSE-listed Suntech Power Holdings Co Ltd, the world’s largest manufacturer of crystalline silicon photovoltaic (PV) modules, said it is planning to build a 1.5MW solar system in HuaiAn city in China’s Jiangsu province. Working with Jiangsu Guoxin Asset Management Group Ltd, Suntech said it expects to complete the project by...

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THAILAND: PTTEP issues 40 billion baht debentures of up to 4% return

(EnergyAsia, June 1, Monday) — PTT Exploration and Production Public Company Ltd (PTTEP) said it has issued a new debenture to 14 financial instituions seeking to raise 40,000 million baht. (US$1=35 baht). Proceeds from the issue will help finance PTTEP’s five-year long-term plan, which began this year and will end in 2013. The plan involves...

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AUSTRALIA: Two local firms to jointly build country’s largest solar power system

(EnergyAsia, June 1, Monday) — Two Australian firms said they have teamed up to design and build the country’s largest solar photovoltaic power system at the Adelaide Showground. Built Environs, a building and engineering company, and Solar Shop Australia, a National provider of grid connect solar systems, said the proposed one-MW rooftop solar power system...

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CHINA: CNOOC to build new base in Fujian to store oil, support upstream activities

(EnergyAsia, May 29, Friday) — China National Offshore Oil Corporation (CNOOC), the country’s biggest offshore oil and gas producer, is developing a large multi-purpose base in Fujian province to store crude oil and products, manufacture petrochemicals, build ships and support its exploration and production activities. The project’s first phase on a 63-sq km site, almost...

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INDIA: Construction begins on Mangalore’s Rs10-billion crude oil storage facility

(EnergyAsia, May 29, Friday) — Construction work has begun on a strategic crude oil storage facility in the port city of Mangalore in India’s southwestern Karnataka state. The Rs10 billion project is expected to be completed in 2012. (US$1=Rs47). Indian Strategic Petroleum Reserves Limited (ISPRL) chief manager S Vijayananda led the foundation stone laying ceremony...

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INDIA: Sweden’s Sweco to help build underground oil storage tanks

(EnergyAsia, May 29, Friday) — Swedish engineering group Sweco said it has been chosen to provide advisory and planning services for the construction for a major underground crude oil storage facility on the west coast of India. The one-million-euro contract for work on the project’s first phase was awarded by state-owned Engineers India Ltd (EIL)....

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MALAYSIA: Petronas, MISC and Mustang form floating LNG joint venture

(EnergyAsia, May 29, Friday) — Mustang, a unit of international energy services company John Wood Group PLC, said it has signed up with two leading Malaysian companies, Petronas and MISC Berhad, to develop integrated floating LNG liquefaction, storage and offloading solutions. The joint venture, 60% owned by Petronas and 30% by Misc, will use Mustang’s...

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PHILIPPINES: Petron, Shell say will cease operating Pandacan oil storage depot

(EnergyAsia, May 29, Friday) — Two of the Philippines’ three oil refiners, Petron Corp and Pilipinas Shell Petroleum Corp, said they are planning to reduce or even cease operations at the controversial Pandacan oil storage depot in Manila regardless of the outcome of a national debate over its closure. Pandacan handles half the country’s fuel...

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SINGAPORE: Singapore Exchange Ltd makes another attempt to popularise fuel oil futures trading

SINGAPORE: Singapore Exchange Ltd makes another attempt to popularise fuel oil futures trading (EnergyAsia, May 29, Friday) – After several failed attempts, Singapore is attempting to launch another oil futures contract. The country’s main trading exchange, the Singapore Exchange Limited (SGX), said it will be launching a fuel oil futures contract on its derivatives platform...

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INDONESIA: ‘Biofuels Markets Asia and Jatropha’ event to be held in Jakarta from June 29 to July 1

(EnergyAsia, May 29, Friday) — Following the recent success of the ‘Biofuels Markets Asia and Jatropha’ conferences in Thailand, Singapore and India, Green Power Conferences will be holding this year’s event in Jakarta, Indonesia from June 29 to July 1. The conference will provide insights into the latest developments in ethanol, biodiesel, jatropha and the (more…)

SINGAPORE: Carbon finance seminar on June 25 and 26 to discuss latest developments in CER projects

(EnergyAsia, May 29, Friday) — ‘The International Symposium on Global Carbon Finance and Market’, jointly organised by Singapore’s Nanyang Technological University and Australia’s University of New South Wales, will be held in Singapore from June 25 to 26. The symposium aims to provide a platform for industry professionals, government officials and multilateral agency representatives to (more…)

THAILAND: POWER-GEN Asia 2009 to be held in Bangkok from October 7 to 9

(EnergyAsia, May 28, Thursday) — The POWER-GEN Asia 2009 conference and exhibition, the event for the power generation and transmission and distribution industries in Southeast Asia, will be held in Bangkok, Thailand from October 7 to 9. Organised by Pennwell, the event is said to have garnered support from the region’s ministries and energy authorities (more…)

AZERBAIJAN: ‘Caspian Oil and Gas 2009’ conference to be held at Baku from June 2 to 5

(EnergyAsia, May 28, Wednesday) — The ‘Caspian Oil and Gas 2009 Exhibition and Conference’ will be held at the Baku Sport and Exhibition Centre in Azerbaijan. Over the last century and a half, the world has taken a steady interest in Azerbaijan’s energy resources which have attracted much attention from Europe, America and Asia. More (more…)

PHILIPPINES: Dept for Energy considering planning framework for oil depots

(EnergyAsia, May 28, Thursday) — The Philippine government has begun drafting a national plan to cover the construction and planning of oil storage facilities as well as management of more than 80 oil depots throughout the country. The Department of Energy (DOE) has been forced to spell out the country’s oil storage policy as a...

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INDONESIA: East Kalimantan, South Sumatra railway projects to boost coal production

(EnergyAsia, May 28, Thursday) — Local authorities in Indonesia’s East Kalimantan and South Sumatra have both approved the construction of new railway lines to link coal mines with export terminals. A proposed 150-km link between the coal mines at Muara Wahau to the coast in East Kalimantan would greatly benefit the local as well as...

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MALAYSIA: Carbon Markets Asia conference in Kuala Lumpur on June 23 and 24

(EnergyAsia, May 28, Thursday) — Green Power Conferences will be holding its ‘Carbon Markets Asia’ event in Kuala Lumpur, Malaysia on June 23 and 24. The event will bring together leading international players to discuss the progress made to date on carbon trading. The speakers will analyse Asia’s role in the global carbon markets and (more…)

SINGAPORE: Ezra raised S$92.4 million from placement of 78 million new shares

(EnergyAsia, May 28, Thursday) — Ezra Holdings Limited, a leading Singapore-based integrated support and marine services provider in the offshore oil and gas sector, said it has raised about S$92.4 million from the private sale of 78 million new ordinary shares at S$1.185 each. (US$1=S$1.145). These new shares represent 13.4% of Ezra’s existing issued ordinary...

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IRAQ: Navy may take over security role for key oil platforms

(EnergyAsia, May 28, Thursday) — The US is thinking of turning over security for a key offshore Iraqi oil platform, the Al Basrah Oil Terminal, to the Iraqi navy later this year. The Iraqi navy has already been put in control of the Khawr al Amaya Oil Terminal. Oil production at the two terminals accounts...

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INDONESIA: Firms eyes upside from higher coal prices

(EnergyAsia, May 28, Thursday) — Indonesian coal miners PT Adaro Energy and PT Indo Tambangraya Megah (ITM) expect to see improved results this year on the back of stronger coal demand and prices. Adaro is targeting a double-digit growth in revenues and profits for 2009. It expects to produce between 42 and 45 million tonnes...

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QATAR: Support waning for OPEC-styled natural gas cartel

(EnergyAsia, May 27, Wednesday) — Qatar seems to have lost its interest in taking part in an OPEC-style natural gas cartel which includes as members 16 of the world’s largest gas producers. Qatar is the world’s largest exporter of liquefied natural gas (LNG). Without its participation, plans for a cartel of gas-exporting countries cartel are...

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