Energy News From Asia
(EnergyAsia, November 7 2013, Thursday) — Kuwait National Petroleum Company (KNPC) has issued a 68-million dinar tender to expand and upgrade the fuel depot at the port of Ahmadi. (US$1=0.28 Kuwaiti dinar). KNPC public relations director Mohammad Mansour Al-Ajmi said the investment will add 11 tanks equipped with automatic control systems by the end of...
(EnergyAsia, November 6 2013, Wednesday) — China Metallurgical Group Corporation (CMTCC) said it has started up a coal-washing facility in the far western region of Xinjiang. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The washery was built as part of the group’s 2.4-million tonnes/year coking coal project undertaken by subsidiary Xinjiang Fukang Yongxin Coalification Company. The project’s contractor, Northwest Company of...
(EnergyAsia, November 6 2013, Wednesday) — Finland’s Wartsila said it has secured an order from Indonesia’s state-owned PT Wijaya Karya (Persero) Tbk to supply a 184MW gas-fired power plant for construction in Aceh in Sumatra province. PT Wijaya Karya (Persero) Tbk, a government-owned company and one of Indonesia’s biggest construction contractors which placed the order,...
(EnergyAsia, November 6 2013, Wednesday) — Australia’s Modun Resources said it has signed a memorandum of understanding with the Mongolian government for the supply of coal briquettes from a project that it is developing in the Asian country. As part of the agreement, Modun will develop a coal mine and build a briquette plant at...
(EnergyAsia, November 5 2013, Tuesday) — Singapore Exchange (SGX) plans to offer electricity futures trading in the second half of next year, enabling consumers and producers to hedge as well as lock in their energy costs. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 SGX said it is working with six of the country’s main power-generation companies, YTL PowerSeraya Pte Ltd, Senoko...
(EnergyAsia, November 4, 2013, Tuesday) — Resources giant Rio Tinto will focus its Australian coal operations on the Kestrel and Hail Creek coking coal mines following the proposed sale of its majority stake in the Clermont thermal coal mine, all located in Queensland state. Ten days after a ceremony marking the US$2 billion extension of...
(EnergyAsia, November 5 2013, Tuesday) — India’s private companies are unlikely to take up the government’s invitation to help develop and mine the country’s large coal reserves to meet the huge demand of the domestic market. India’s coal imports reached a record 204.1 million tonnes last year as domestic demand surged beyond 772.8 million tonnes...
(EnergyAsia, November 4 2013, Monday) — Leighton Contractors Pty Limited said it has secured a three-year contract worth A$249 million to provide mining, operating and maintenance services for the Isaac Plains coal project in Australia’s Queensland state. (US$1=A$1.05). http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In a statement to the Australian Securities Exchange Limited, the company said it was awarded the...
(EnergyAsia, November 4 2013, Monday) — Led by Japan, China and India, Asia’s growing demand for “cleaner and flexible” energy sources will boost the outlook for the liquefied natural gas markets in coming years, said the CEO of Qatargas in Singapore last week. In his keynote address at the Singapore International Energy Week (SIEW), Sheikh...
(EnergyAsia, November 4 2013, Monday) — Faced with corruption investigations and mounting criticism of incompetence, state-owned Coal India Limited looks to end the year on a miserable note as more than 500,000 of its unionised and contract workers threaten nationwide industrial action around mid-December. Five unions representing 350,000 unionised and 200,000 contract workers said they...
(EnergyAsia, November 1 2013, Friday) — Mechel OAO, a leading Russian mining and metals company, said its subsidiary, Mecheltrans OOO, has sold a 28% share in Vanino Sea Trade Port OAO’s equity capital for 5.04 billion rubles. The company said it retains a minor share after the sale to an unnamed “ outside investor”. (US$1=31.8...
(EnergyAsia, November 1 2013, Friday) — State energy firm Sinopec is planning to invest 183 billion yuan in a massive project in China’s Xinjiang region to convert coal into natural gas for use in the country’s eastern provinces. (US$1=6.1 yuan). http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Located in the Zhundong area of the region’s Changji Hui autonomous prefecture, the plant...
(EnergyAsia, November 1 2013, Friday) — A consortium comprising companies from Myanmar, India and Singapore is planning to build a 500-megawatt coal-fired power plant in Kyauktan in Myanmar’s Yangon region. Myanmar’s Ministry of Electric Power, Diamond Palace Services Co Ltd, India’s Orange Powergen Pvt Ltd and Singapore’s Global Adviser Pte Ltd signed a memorandum of...