SINGAPORE: Asia’s largest jet fuel trader lease storage tanks to build up fuel oil business

(EnergyAsia, September 6 2013, Friday) — Asia’s largest physical jet fuel trader said it is venturing into fuel oil, the region’s main oil product, with the signing of a three-year lease to store refined products on Singapore’s Jurong Island. China Aviation Oil (Singapore) Corporation Ltd (CAO) said it will lease five tanks with a combined...

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AUSTRALIA: BHP Billiton-Mitsubishi alliance starts up Daunia coal mine in Queensland

(EnergyAsia, September 5 2013, Thursday) — Australia’s BHP Billiton said it has started up its ninth metallurgical coal mine with the opening of the 4.5-million tonnes/year Daunia operations in central Queensland state. The US$1.4 billion mine, which was delivered several months early and US$250 million under budget, is among seven that BHP equally owns and...

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MONGOLIA: South Korea’s Posco to build US$2 billion coal-to-liquid plant

(EnergyAsia, September 5 2013, Thursday) — South Korea’s steel and power producer, Posco, said it and Mongolia’s largest conglomerate, MCS, will jointly own and operate a US$2 billion plant to produce liquid fuels from coal. Their newly established Baganuur Energy Corp will build the “clean energy” plant in the Baganuur district of Mongolia’s Ulan Bator...

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CHINA: Top oil executives targeted as crackdown on corruption widens

(EnergyAsia, September 5 2013, Thursday) — The Chinese government has taken its widening campaign against corruption to the powerful oil industry, implicating senior executives from state-owned companies and their contacts. The Communist Party has relieved Jiang Jiemin, a former chairman of China National Petroleum Corp (CNPC) and President of PetroChina, of his positions as director and...

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MONGOLIA: GDF Suez and partners to build 415MW power plant in Ulan Bator

(EnergyAsia, September 4 2013, Wednesday) — European energy group GDF Suez said it and consortium partners have been awarded a contract to build and operate a 415 coal-fired power plant with a steam capacity of 587MW in the Mongolian capital of Ulan Bator. GDF Suez, Japanese trading house Sojitz Corp, South Korean power producer Posco...

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INDONESIA: Greenpeace blames palm oil industry for causing “significant” forest destruction, WRI warns of continued high risk of fires and smog

(EnergyAsia, September 4 2013, Wednesday) — In separate analyses, two environmental lobby groups have accused the palm oil sector and its leading members of destroying Indonesia’s sizeable rainforests and causing record air pollution in Southeast Asia The industry was the single largest driver of deforestation in Indonesia between 2009 and 2011, accounting for about a...

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CHINA: Trade with Ghana expected to exceed last year’s record US$5.4 billion on rising oil production in coming years

(EnergyAsia, September 4 2013, Wednesday) — Ghana’s trade with China, now larger than its dealings with the US, is on course to exceed last year’s record US$5.43 billion in coming years as the African state ramps up oil production and exports. Ghana, which only began producing oil in 2010, has been a major recipient of...

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SINGAPORE: Crystal Yeo re-joins The Oxford Princeton Programme, OPower sets up regional office

(EnergyAsia, September 3 2013) — in Singapore, Crystal Yeo has rejoined energy education and training firm The Oxford Princeton Programme as regional sales manager for the Asia-Pacific region while energy efficiency and customer engagement company Opower has opened its Asia Pacific headquarters as part of its global expansion. Before rejoining Oxford Princeton, Ms Yeo, who...

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MONGOLIA: SouthGobi share price off seven-year low with end to investment dispute

(EnergyAsia, September 3 2013, Tuesday) — Canada’s SouthGobi Resources Ltd is looking to revive the fortunes of its Mongolia-focused coal activities after announcing an end to investment dispute with local state agencies with the receipt of three pre-mining agreements. The share price of the Toronto-listed company has been in steep decline over the last two...

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PHILIPPINES: Meralco unit and Thailand’s EGCO to build coal-fired power plant in Quezon

(EnergyAsia, September 3 2013, Tuesday) — Manila Electric Co (Meralco) said its power generation subsidiary and Thailand’s Electricity Generating Public Co Ltd (EGCO) have agreed to jointly develop a 460MW coal-fired power plant in Quezon province in the Philippines. In a statement to the Philippine Stock Exchange, the utility said Meralco Powergen Corp will own...

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AUSTRALIA: APC-Rio Tinto joint venture to begin exploring coal in Queensland’s Mount Hillalong

(EnergyAsia, September 2 2013, Monday) — Australian Pacific Coal Limited said it and Rio Tinto Exploration have begun jointly exploring for coal in Mount Hillalong in Australia’s Queensland state. Last week, the partners activated their exploration option and joint venture agreement for work on the Bowen Basin deposits that they had signed on August 8...

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CANADA: EXMAR to supply floating terminal and liquefaction plant for BC LNG project off Kitimat

(EnergyAsia, September 2 2013, Monday) — Belgian gas ship owner and operator EXMAR said it has agreed to provide a 700,000 tonnes/year floating liquefaction and storage unit for a proposed liquefied natural gas (LNG) project along the Douglas Channel on Canada’s British Columbia province. EXMAR said it signed a letter of intent (LOI) with Houston,...

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MARKETS: Consultant Frost & Sullivan says it’s too early to call for the end of coal

(EnergyAsia, September 2 2013, Monday) — The world will continue to rely heavily on coal for its energy need despite calls and predictions for its demise, said consultant Frost & Sullivan. In Europe, coal-based power generation is undergoing a revival after appearing to be in terminal decline the last decade. This is happening despite the...

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