(EnergyAsia, May 2 2012, Wednesday) — Asia needs a new energy compact to balance sustainable development with its pursuit of economic growth, according to top UN Asia-Pacific official. At a recent forum attended by policymakers in Singapore, Noeleen Heyzer, UN Under-Secretary-General and Executive Secretary of the UN Economic and Social Commission for Asia and the (more…)
(EnergyAsia, May 2 2012, Wednesday) — Australia’s Xstrata Coal and Japan’s JX Nippon Oil & Energy Corporation said they have formed a joint venture to own and mine metallurgical coal deposits in the Peace River area in Canada’s British Columbia province. JX Nippon Oil & Energy (Australia) Pty Ltd, a JX subsidiary, paid US$435 million...
(EnergyAsia, May 2 2012, Wednesday) — For the first time, India’s Prime Minister Manmohan Singh is supporting calls for the country to raise domestic fuel prices that are among the lowest in the world. With oil rising to account for 30% of last year’s record US$485 billion import bill, the Indian government is under pressure...
(EnergyAsia, May 2 2012, Wednesday) — Australia’s resources and energy commodity export earnings are expected to continue to grow over the next five years to reach a record A$225 billion by FY2016, which ends on June 30 2017. (US$1=A$0.96). According to the Bureau of Resources and Energy Economics (BREE), LNG, iron ore and thermal coal...