(EnergyAsia, December 18, Friday) — The Indian government is taking seriously claims by intelligence agencies that the country’s oil refineries, fuel depots and other vital installations are on the target list of Pakistan-based terrorist groups. The Home Affairs Ministry has immediately tightened security at the Bhabha Atomic Research Centre in Trombay, and the areas around...
(EnergyAsia, December 18, Friday) — Origin Energy New Zealand, on behalf of the Kupe joint venture, has begun producing gas and liquid at its Kupe facilities, and piping it to a gas processing plant at Hawera. Over its production life, Kupe is expected to provide approximately 254 petajoules of natural gas, 1.1 million tonnes of...
(EnergyAsia, December 18, Friday) — Indian authorities believe the October 29 fire that destroyed Indian Oil Corporation’s (IOC) oil depot in Jaipur city, killing more than a dozen people, may have been the work of saboteurs. Police are working on the theory that insiders set it on fire in an attempt to cover up the...
(EnergyAsia, December 18, Friday) — PTT, Thailand’s largest energy firm, is looking to conclude an investment in a coal mine in Kalimantan, Indonesia by early next year. PTT will aim to acquire the stake through its wholly owned overseas investment arm, PTT International, together with Indonesian partners. Chitrapongse Kwangsukstith, chairman of PTT International, said he...
(EnergyAsia, December 18, Friday) — Tianjin city on China’s eastern coast is planning to establish a 20-million-tonne oil storage facility by 2023. Under a blueprint for industrial development launched by the Tianjin Municipal Commission of Development and Reform, the terminal will store both crude oil and products for the state and for commercial purposes. The...
(EnergyAsia, December 18, Friday) — The Sri Lankan government has accepted a US$891 million loan from China’s Export Import bank to fund the construction of a coal power plant. The loan will have a maturity of 20 years and bear a 2% interest rate with a five-year grace period. It will be used to finance...
(EnergyAsia, December 18, Friday) — Australia has closed its largest export deal worth US$90 billion through Chevron’s 20-year-term contract to supply 4.1 million tonnes of liquefied natural gas (LNG) a year to Japan’s Tokyo Electric Power Co (Tepco). Chevron Australia Pty Ltd, a subsidiary of the US major, will supply the LNG from its offshore...
(EnergyAsia, December 17, Thursday) — US transaction management company Multi Service Corp said it has secured a long-term bunker fuel and services procurement agreement with Singapore’s Defence Science and Technology Agency (DSTA). The agreement allows bunker suppliers on Multi Service’s bunker network to provide competitive tenders on marine fuel and chandlering services for the DSTA...
(EnergyAsia, December 17, Thursday) — Vico, a joint venture between UK major BP and Italy’s ENI, has signed a production sharing contract (PSC) with the Indonesian government to explore and develop coalbed methane (CBM) resources on the Sanga-Sanga block in East Kalimantan in Indonesia. According to BP, the PSC, which covers an area of around...
(EnergyAsia, December 17, Thursday) — The Singapore government has offered to reduce the country’s carbon emissions growth by 16% from ‘business as usual’ levels by 2020 if there is a global and legal binding pact to tackle climate change. The ‘business as usual’ scenario equates to projected carbon emission levels without any mitigating measures including...
(EnergyAsia, December 17, Thursday) — India’s produced 184.4 million tonnes of coal in the April-to-September period of this year, up by 9.9% from the same period last year, the government said. It attributed the increase in the first half of the current financial year to higher production from state-run coal miner Coal India Limited (CIL)....
(EnergyAsia, December 17, Thursday) — State-run miner Coal India Limited (CIL) has proposed that the government unload an additional 5% stake in the firm by granting the shares to employees and as compensation to landowners whose property have been taken over for mining operations. The government, which has stated it plans to divest a 10%...
(EnergyAsia, December 17, Thursday) — China’s crude oil imports are expected to remain high at about 18 million tonnes or 4.3 million b/d for the fourth quarter as new storage tanks, pipelines and refineries start operations. The new oil-related infrastructure is seen to sustain crude oil throughput at around 33 million tonnes per month or...
(EnergyAsia, December 17, Thursday) — Australia-listed Cougar Energy Limited (ASX: CXY) said it has executed a memorandum of understanding (MOU) with Direct Invest Pte Ltd, the Singapore-based subsidiary of the Direct Invest Group, to establish Cougar Direct Invest China Limited (CDIC) to develop underground coal gasification (UCG) projects in China and Mongolia. CDIC will be...
(EnergyAsia, December 16, Wednesday) — Swiber Holdings Limited, a Singapore-based offshore oil and gas services company, said it has secured its first contract in Myanmar. It recently signed a letter of award with an unidentified Myanmar oil and gas company worth US$77 million. Swiber will provide offshore installation works for 150 kilometres of gas pipelines...
(EnergyAsia, December 16, Wednesday) — Indian state-owned power companies are switching away from fixed prices to index-linked pricing for their coal imports in an attempt to improve transparency. The National Thermal Power Corp now sets purchase prices based on a basket of coal indices—the API4 South African Index and the Newcastle Australian coal FOB index...
(EnergyAsia, December 16, Wednesday) — The Indian government said it will seek to cut the carbon intensity of its economy, or the amount of carbon dioxide for each unit of gross domestic product, to between 20% and 25% by 2020 from 2005 levels. The move by the world’s fourth largest carbon emitter to set an...
(EnergyAsia, December 16, Wednesday) — China’s investments in nuclear power and energy efficiency will substantially slow down the growth of the country’s carbon emissions, according to a report by the International Energy Agency (IEA). China, which overtook the US as the world’s top carbon emitter in 2007, is projected to produce 7.1 gigatonnes of greenhouse...
(EnergyAsia, December 16, Wednesday) — Shell has delivered another world-scale project on schedule with last week’s official opening of its monoethylene glycol (MEG) plant on Singapore’s Jurong Island by Lim Hng Kiang, Singapore’s Minister for Trade and Industry and Ben van Beurden, Shell executive vice president for chemicals. The 750,000-tonne-per-year component of the Shell Eastern...
(EnergyAsia, December 16, Wednesday) — China and other Asian economies could suffer further export losses to the US if Congress approves legislation to reduce greenhouse gas emissions, said the World Bank. The green provision, passed by the US House in June to tax import from countries that do not adequately curb carbon-dioxide emissions, follows last...
(EnergyAsia, December 15, Tuesday) — NTPC, India’s largest power company, plans to establish 1,000 MW of greenfield wind power capacity over the next few years to diversify its fuel mix. The company plans to start by investing Rs25 billion in six new wind farms with a total power generation capacity of 500 MW in...
(EnergyAsia, December 15, Tuesday) — Huawei, a Chinese provider of next-generation telecommunications network solutions, said it has been selected by telecommunications service provider Grameenphone (GP) to deploy the solar-powered base transceiver stations (BTS) in the country. Huawei said it will install its fourth-generation base stations, using a solar and diesel generator hybrid power solution to...
(EnergyAsia, December 15, Tuesday) — Vietnam-based infrastructure development company Cavico Corp said it has completed construction of the Buon Kuop hydropower plant and is in the process of transferring the project over to its owner, Electricity of Vietnam (EVN). Nasdaq-listed Cavico said the hydropower plant will have two 140 megawatt (MW) capacity units and is...
(EnergyAsia, December 15, Tuesday) — Climate Resources Exchange (CRX), a Singapore-based carbon advisor, and Standard Bank (SB) said they are jointly developing the country’s first carbon programme to serve a community of more than 100 buildings implementing energy efficiency measures by 2012. The ‘Climate Action Resource Enterprise’ for Energy Efficiency’ (CARE) programme aims to generate...
(EnergyAsia, December 15, Tuesday) — Japan’s Sumitomo Corporation said it will invest 200-billion yen in a 1,320MW coal-fired power generation project in central Vietnam’s Khanh Hoa Province. (US$1=90 yen). The supercritical plant, comprising two 660MW boiler turbine generator units, is expected to begin supplying electricity to state Electricity of Vietnam in 2015 under a 25-year...