(EnergyAsia, September 18, Thursday) — Developing Asia will face a prolonged period of high and volatile oil prices that will temper growth and force governments around the region to make painful adjustments to policy to encourage increased energy efficiency among consumers, said the Asian Development Bank (ADB). In the latest issue of the Asian Development...

(EnergyAsia, September 17, Wednesday) — The Iraqi government has given China National Petroleum Corporation (CNPC) the go-head to exploit the al-Ahdab oil field in Wasit Governorate at the border with Iran. CNPC’s contract for the field is said to be worth some US $3 billion. Production costs at the al-Ahdab field are estimated at a...

(EnergyAsia, September 17, Wednesday) — Japanese oil refiner Idemitsu Kosan said it is planning to boost its oil product exports to as much as three million kilolitres, or up to 52,000 b/d, by 2011. This compares with 1.5 million kilolitres the company expects to export in the current fiscal year ending March 31 2009, and...

(EnergyAsia, September 17, Wednesday) — Russian Prime Minister Vladimir Putin has said he wants the country’s first oil pipeline to the Far East to be completed as quickly as possible. His announcement comes as Russia is locked into a quarrel with the US and Europe over its recent invasion of Georgia, the small Caucasus nation....

(EnergyAsia, September 17, Wednesday) — US energy officials and representatives from 19 firms visited India and China on a clean energy and environment trade mission early this month. The delegation presented state-of-the-art clean energy technology from the US to help the two emerging giants meet their energy demand in an environmentally sustainable manner. China’s market...

(EnergyAsia, September 17, Wednesday) — The Singapore government has agreed to sell off the Senoko waste incineration plant to an infrastructure business trust. The proposal came from Keppel Integrated Engineering Limited (KIE), a wholly-owned subsidiary of Simgapore’s Keppel Group. While the plant was awarded at an indicative price of S$462 million, its final price will...

(EnergyAsia, September 17, Wednesday) — Singapore’s Tuas Power Ltd said it has been awarded a contract worth “over a billion dollars” to supply multi-utilities to the renewable diesel production plant that Finnish oil refiner Neste Oil Corporation is building in Tuas in the western part of the island. Under the 30-year service contract, Tuas Power...

(EnergyAsia, September 17, Wednesday) — Developing Asian economies will revert to a more moderate growth outlook of 7.5% this year and 7.2% next year after posting its fastest growth of 9% in nearly two decades in 2007, said the Asian Development Bank (ADB).   In its Asian Development Outlook 2008 Update (ADO Update), the ADB...

(EnergyAsia, September 17, Wednesday) — Switzerland-listed Meyer Burger Technology AG said it has concluded a follow-up 30 million Swiss franc to supply high tech wire saws to Konca Solar (Wuxi) Ltd to support the Chinese company’s capacity expansion plan. There is option for another contract worth CHF 30 million. (US$1=1.12 Swiss franc). The delivery of...

(EnergyAsia, September 17, Wednesday) — Georgia’s credibility as a reliable transit point for oil and gas supplies to Western Europe has taken a hit in the wake of its conflict with Russia. Last month’s brief military conflict and the ongoing political strife with Russia briefly disrupted the supplies through major pipelines to Europe. Some analysts...

(EnergyAsia, September 17, Wednesday) — The Indonesian government is setting up a high-level team to renegotiate its 2002 Tangguh liquefied natural gas (LNG) deal with China. Under the original contract, Indonesia was to supply LNG at a price of US$2.4 per million Btu.  The deal, for 2.6 million tonnes per year of LNG to China’s...

group has signed a 15-year agreement with Bumwoo ENG Co Ltd to provide an advanced technology licence for wall-fired subcritical and supercritical pulverised-coal steam generators to be sold in South Korea. The terms of the agreement were not disclosed. The contract value will be included in the company’s third-quarter 2008 bookings and future royalty payments...

pressure to renegotiate the export price of a liquefied natural gas (LNG) deal with China that was agreed in 2002 under the administration of former president Megawati Soekarnoputri. The contract for 2.6 million tonnes per year of LNG over 25 years, to be delivered from the Tangguh project in eastern Indonesia to China’s Fujian terminal,...

natural gas (LNG) by 4.5% to 24 million tonnes in 2009. In value terms, exports could rise 8.5% to RM32.4 billion, or almost US$10 billion, as LNG prices are expected to rise. (US$1=RM3.4). In Asia, spot LNG prices recently hit a record US$20 per million Btu, up five-fold from 2003. However, officials at Malaysia’s state...

projects in Nigeria, Algeria, Australia and the Baltics are threatening to squeeze supplies and drive up prices from already record high levels, analysts said. The delays may reduce LNG supplies by some 100 million tonnes, a level that is well above the annual demand from Japan and South Korea, two of the world’s largest importers...

export taxes on its domestic resources industry, an increasingly important revenue earning sector. The increased revenues would partly go towards planning and implementing new measures to protect the environment. Officials said the government is looking into raising taxes on the production of metals such as manganese, steel, lead, zinc, copper and tin to between 10...

up of its Taichung liquefied natural gas (LNG) import terminal. The three-million-tonne-per-year terminal was originally due to come onstream in January. However, the start-up had to be deferred to July as construction of a vital undersea pipeline to deliver gas from the terminal to a power plant could not be completed due to adverse weather...

its wholly owned subsidiary BUE Marine Limited has been awarded  a 10-year, US$225 million contract by BP Azerbaijan to custom-build and supply three support marine vessels. BUE beat competition from across the globe for the three vessel package, which comprises one Dynamically Positioned Platform Supply Vessel (PSV), one Dynamically Positioned Anchor Handling Tug Supply Vessel...

signed new long-term supply agreements in which GCL will supply 510 MT of high-purity poly-silicon feedstock in 2008 and 2009 and approximately 1.8 GW of wafers to CSI from 2010 to 2015. CSI chairman and CEO Shawn Qu said: “GCL Silicon is among the fastest-growing poly-silicon companies and an emerging leader in polysilicon manufacturing. We...

contract with Fire Energy S.L., a Spanish PV system integrator and PV products distributor. Yingli Green Energy is expected to supply a total of 16 MW of PV modules to Fire Energy from January 2009 to December 2009. “We are pleased to announce the 16 MW sales contract with Fire Energy in Spain which is...

services provider, its subsidiary, Swiber Offshore Construction Pte Ltd, has signed a Memorandum of Understanding (MOU) with a Saudi Arabia’s Rawabi Holding Company Limited to develop business in offshore EPCIC projects and marine activities in the Gulf Cooperation Countries (GCC). The GCC includes Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman. Rawabi Holding has been...

pipeline last week to repair problems at a pumping station in Turkey. The brief stoppage did not affect oil production in Azerbaijan or export flows through the pipeline. BP halted oil flows through the BTC pipeline for 20 days last month during the height of fighting between Russian-backed separatists and the Georgian government.   The...

hurricanes in the oil-producing US Gulf Coast area in recent weeks, the worst since Hurricane Katrina in august 2005.   US crude futures briefly dipped below US$100 a barrel last Friday, the first time since April, even as Hurricane Ike rained destruction on Texas state and the oil-producing offshore areas. Earlier, Hurricane Gustav had passed...

subsidiary of leading oil company PTT, said it has shut its 145,000 b/d Rayong refinery to repair leaks and stanch losses from weak refining margins in Asia. The plant will be idled for almost a month starting August 21 as repairs affect the hydrocracking and diesel hydrotreating units....