(EnergyAsia, November 8 2013, Friday) — Supreme Group, a Dubai-based provider of logistics services in challenging environments around the world, said it has secured a UK defence contract to supply aviation fuel and refuelling services to mostly military aircraft in 96 international civilian airports. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In a statement, Supreme Group will serve mostly Royal Air...
MONGOLIA: Government praised for making “foreign investment- friendly” reforms
(EnergyAsia, November 8 2013, Friday) — “Mongolia is open for business” again after a brief period of uncertainty, declares an Australian miner developing coal deposits in the landlocked Asian country. In a special note to shareholders, Aspire Mining Limited said Mongolia’s new investment legislation from November 1 has returned the country to being a “foreign...
SINGAPORE: Shareholders approve Australia’s Linc Energy to list on SGX
(EnergyAsia, November 7 2013, Thursday) — Australia’s Linc Energy said it has received “strong” approval from shareholders to leave the Australian Securities Exchange (ASX) in favour of a listing on the Singapore Exchange (SGX). Singapore Energy Series: http://energycontents.com/index.php?route=product/product&path=59&product_id=270 Energy Map of China 2013: http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Following yesterday’s vote at the company’s extraordinary general meeting in Brisbane,...
AUSTRALIA: BHP agrees to sell US coal mine to Navajo Nation
(EnergyAsia, November 7 2013, Thursday) — Australia’s mining giant BHP Billiton has agreed to sell a coal mine in the US state of New Mexico to a company owned and operated by the Navajo Nation tribe for US$85 million. Established earlier this year, Navajo Transitional Energy Co LLC (NTEC) expects to complete the acquisition of...
KUWAIT: KNPC to invest US$240 million to expand and upgrade Ahmadi fuel depot
(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...
CHINA: CMTCC Group completes coal-washing plant in Xinjiang region
(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...
INDONESIA: Wartsila to supply 184 MW gas-fired power plant to state PLN
(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,...
MONGOLIA: Australia’s Modun Resources signs agreement to supply coal briquettes
(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...
SINGAPORE: SGX to launch electricity futures trading in second half of 2014
(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...
AUSTRALIA: Rio Tinto focuses on Kestrel and Hail Creek coal mines with proposed sale of majority stake in Clermont
(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...
INDIA: Private companies unlikely to take up government’s invitation to mine coal
(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...
AUSTRALIA: Leighton Contractors says awarded A$249 million contract for Isaac Plains coal project in Queensland state
(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...
ASIA: LNG outlook boosted by strong regional demand, says Qatargas CEO
(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...
INDIA: Labour unrest add to Coal India’s troubles
(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...
RUSSIA: Mechel sold 28% stake in Vanino sea trade port’s equity capital
(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...
CHINA: Xinjiang planning large coal gasification project
(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...
MYANMAR: Singaporean and Indian firms to help build coal-fired 500MW power 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...
QATAR: Global gas leadership faces challenge from rising supply competition
(EnergyAsia, October 31 2013, Thursday) — Sitting atop the world’s third largest natural gas reserves, Qatar has grown rapidly to become the largest global liquefied natural gas (LNG) exporter, but it will be challenged later this decade by Australia, East Africa and North America, predicts UK-based research firm Business Monitor. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In response, Qatar is...
RUSSIA: Rosneft expands oil supply deal, Gazprom still trying to close elusive gas agreement with Chinese companies
(EnergyAsia, October 31 2013, Thursday) — Russian energy giants Rosneft and Gazprom again experienced sharply diverging fortunes in their latest round of talks to sell oil and gas to Chinese state-owned companies. There was only joy for Rosneft as well as rising star Novatek, and further uncertainty for Gazprom at the end of last week’s...
MARKETS: OPEC maintains global oil demand forecast for 2013, raises 2014
(EnergyAsia, October 31 2013, Thursday) — The Organisation of Petroleum Exporting Countries (OPEC) has kept its latest October forecast for global oil consumption virtually unchanged over the next two years. For 2013, it has maintained that the world will consume 89.74 million b/d while raising its expectations for 2014 by just 1,000 b/d to 90.78...
ASIA: Canada faces high barriers for “coming late” into race to produce and export LNG, says study
(EnergyAsia, October 30 2013, Wednesday) — A think-tank has advised Canada to temper its excitement over prospects that the nascent liquefied natural gas (LNG) industry in British Columbia (BC) could generate C$1 trillion in revenue, create more than 100,000 new jobs and deliver the province to debt-free nirvana by 2046. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In describing BC as...
AUSTRALIA: Santos and Australian Pacific agree to swap gas, share pipeline
(EnergyAsia, October 30 2013, Wednesday) — The Australian developers of two large separate natural gas projects in Queensland state have agreed to swap product and share infrastructure to speed up implementation as well as save hundreds of millions of dollars in construction, operating and maintenance costs. The operators of the Santos GLNG and Australia Pacific...
MARKETS: US EIA raised forecast for 2013 world oil demand to fresh all-time high of 90.26 million b/d
(EnergyAsia, October 30 2013, Wednesday) — As evidence of the world’s economic recovery stacks up going into the final quarter, the US government has raised its forecast for global oil demand for 2013 to grow by one million b/d a new all-time high of 90.26 million b/d. The Energy Information Administration’s (EIA) forecast in its...
CHINA: Wartsila to supply propulsion systems for two LNG vessels and four ocean rescue vessels
(EnergyAsia, October 29 2013, Tuesday) — Wartsila, a leading solutions provider to the marine industry, said it has won contracts to supply propulsion systems for two liquefied natural gas (LNG) carrier vessels and four ocean rescue vessels now under construction in separate shipyards in China. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The Helsinki, Finland company will also supply its proprietary...
MARKETS: IEA continues to raise global oil demand forecast for 2013 and 2014, but oil prices remain under pressure
(EnergyAsia, October 29 2013, Tuesday) — The International Energy Agency (IEA) has again raised its global oil demand forecast for 2013 and 2014, citing in its October oil market report the improving economic outlook in North America, China and Europe, and continued strong growth in the Middle East, Africa and Latin America. The Paris-based agency...