(EnergyAsia, October 10 2013, Thursday) — Following agreements with two Russian port operators, Australia’s Aspire Mining said it has secured export routes to Europe and northern Asia for its fully-owned Ovoot coking coal project in Mongolia. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Aspire’s deal with Russia’s OTECO, the Taman Port operator on the Black Sea, will enable it to load...
CHINA: Majority of proposed coal-fired power plants located in water-stressed regions, says WRI
(EnergyAsia, October 10 2013, Thursday) — More than half of China’s proposed 363 coal-fired power plants are slated to be built in areas of high or extremely high water stress, said Washington DC, US-based World Resources Institute (WRI). http://energycontents.com/index.php?route=product/product&path=60&product_id=301 “If these plants are built, they could further strain already-scarce resources, threatening water security for China’s...
MONGOLIA: Canada’s Prophecy Coal signs up new buyer for 30,000 tonnes of coal per month
(EnergyAsia, October 10 2013, Thursday) — Canada’s Prophecy Coal said it has added another customer to its Ulaan Ovoo mine in Mongolia with an agreement for the supply of 30,000 tonnes of thermal coal. The Vancouver, British Columbia firm said the unnamed “new customer with substantial presence in the region” will begin lifting the coal...
SINGAPORE: Bureau Veritas sets up Deepwater Technology Research Centre with support from MPA’s Maritime Cluster Fund
(EnergyAsia, October 9 2013, Wednesday) — With the support of Singapore’s Maritime and Port Authority, Bureau Veritas (BV) has started up its Deepwater Technology Research Centre (DTRC) to provide advanced technical solutions and innovations to clients in the Asia-Pacific region. Using BV’s software tools, the centre’s engineers and experts will be conducting applied research in...
US: Renewed hopes for Alaska as Shell aims for higher oil output while ExxonMobil pushes US$65 billion LNG project
(EnergyAsia, October 9 2013, Wednesday) — US Alaska state is the focus of renewed investor interest with Shell planning a major oil project while an ExxonMobil-led group has reported progress in its plan to develop an export-oriented liquefied natural gas (LNG) terminal. According to consultant Douglas Westwood, Shell would have to invest as much as...
MYANMAR: Japan, Norway, ADB and World Bank help upgrade electricity supply system
(EnergyAsia, October 9 2013, Wednesday) — Myanmar’s electricity supply system is being expanded and upgraded through a combination of aid and technical assistance from the governments of Japan and Norway working with the Asian Development Bank (ADB) while the World Bank has approved an interest-free loan for a power plant upgrade. According to the ADB,...
ASIA: Southeast Asia should focus on raising energy efficiency, says Brunei energy research chief
(EnergyAsia, October 8 2013, Tuesday) — This is an edited version of an article by Weerawat Chantanakome, CEO of the Brunei National Energy Research Institute (BNERI). The energy efficiency practice in Southeast Asia is still in its infancy stage, even though the region’s energy intensity – the amount of energy used to produce each dollar...
SINGAPORE: Keppel Corp and Mexico’s state PEMEX to jointly invest US$400 million to develop shipyard to build jackup oil rigs
(EnergyAsia, October 8 2013, Tuesday) — In a groundbreaking move with one of the world’s most protected oil and gas markets, Singapore’s Keppel Offshore & Marine has signed a memorandum of understanding (MOU) with two subsidiaries of Mexico’s state PEMEX to jointly develop, own and operate a shipyard in the North American country to build...
IRAN: Chinese, South Korean firms awarded contracts to help revamp refineries
(EnergyAsia, October 8 2013, Tuesday) — Iran is expected to award contracts to Chinese and South Korean firms to help revamp two domestic refineries. According to Iranian news reports, China’s Sinopec and an unnamed South Korean firm will provide engineering services in the US$1.5 billion expansion and upgrade of the 300,000 b/d Isfahan refinery located...
SINGAPORE: Blumont on “designated” watchlist after aborting proposed S$146 million takeover of Australian coal miner
(EnergyAsia, October 7 2013, Monday) — Blumont Group Ltd, a Singapore-listed company that started off in the Internet business before venturing to provide sterilisation services, has been suspended and placed on designated watch after an aborted attempt to acquire an Australian coal miner for S$146 million. (US$1=S$1.25). Singapore Exchange Limited (SGX) said it will lift...
INDIA: Electricity exports to Bangladesh begins, first in South Asia
(EnergyAsia, October 7 2013, Monday) — India has started exporting electricity to Bangladesh through a new transmission line, making this the first high voltage direct current (HVDC) interconnection between two countries in South Asia. From October 5, the trading arm of NTPC Ltd, India’s largest generating utility, began supplying electricity to the Bangladesh Power Development...
INDIA: Coal India falls short of first-half production target by 3%
(EnergyAsia, October 7 2013, Monday) — Coal India Limited (CIL) said it produced 200 million tonnes of coal in the April-October half of fiscal 2013, three percent short of target, but 4.7% more compared with the same period last year. The company blamed labour strife, weather conditions, theft and protests by local groups for disrupting...
SAUDI ARABIA: Aramco-Total refinery starts up with export of first fuel oil cargo
(EnergyAsia, October 4 2013, Friday) — The world’s newest major oil refinery-petrochemicals complex started up last month in Saudi Arabia’s Jubail city with the export of a fuel oil cargo on September 23. Saudi Aramco Total Refinery & Petrochemicals Co (Satorp), named after its two partners, shipped out a second cargo of diesel a few...
JAPAN: With Tohoku deal, Chevron commits 85% of stake in Australia’s Wheatstone LNG project to Asia
(EnergyAsia, October 4 2013, Friday) — Chevron Corp said it has sold off 85% of its entitlement in the Wheatstone liquefied natural gas (LNG) project in Australia after signing a 20-year deal to supply Japan’s Tohoku Electric Power Company Inc. Chevron and the Australian subsidiaries of Apache Energy and Kuwait Foreign Petroleum Exploration Company will...
INDIA: Greenpeace says state-owned miner has overstated coal reserves
(EnergyAsia, October 4 2013, Friday) — Warning that India’s power supply shortages are set to worsen, Greenpeace said Coal India Limited (CIL) has overstated the size of its reserves by around 16% and is failing to replenish its extractable coal. CIL, with an 80% share of domestic production, has only 18.2 billion tonnes of extractable...
SINGAPORE: Australian firm with claim of huge hydrocarbon reserves seeks listing on SGX
(EnergyAsia, October 3 2013, Thursday) — An Australian Securities Exchange-listed energy firm which claims to have one of the world’s largest hydrocarbon reserves is seeking to pull out of the Sydney-based bourse to list in Singapore. Queensland state’s oil, shale and coal company Linc Energy has invited shareholders to vote at an extraordinary general meeting...
DUBAI: ENOC and Tristar to launch joint venture to provide logistics services for Saudi Arabia’s oil and chemical industries
(EnergyAsia, October 3 2013, Thursday) — Two Dubai firms, Emirates National Oil Company (ENOC) and Tristar Transport, said they are setting up a new joint venture to provide logistics services for the petroleum and chemical industries in Saudi Arabia. Starting with a capital investment of 30 million Saudi riyal, the new company will initially operate...
INDIA: Coal supply deficit to rise 37% to 185.5 million tonnes between 2013 and 2017, says minister
(EnergyAsia, October 3 2013, Thursday) — India’s coal supply deficit is expected to rise more than 37% between fiscal 2012 and 2016, said Coal Minister Sriprakash Jaiswal. India will increase its coal imports from 135 million tonnes for the year ended March 31 2013 to 185.5 million tonnes four years later. State-owned Coal India Limited,...
SINGAPORE: SGX to launch two thermal coal futures contracts on October 21
(EnergyAsia, October 1 2013, Wednesday) — Singapore Exchange (SGX) will be launching two thermal coal futures contracts on October 21 based on the fuel’s price in China and Indonesia. The exchange said its API 8 CFR China Coal Index Futures and IHS McCloskey Indonesian Sub-bit FOB Index Futures contracts will add to its suite of...
INDONESIA: South Kalimantan port agrees to provide Australia’s Orpheus Energy barge loading capacity for 10 years
(EnergyAsia, October 2 2013, Wednesday) — Australia’s Orpheus Energy said it has secured barge loading capacity at SKJM’s South Kalimantan port in Indonesia to handle more than 200,000 tonnes of coal per month for 10 years. The deal will enable Orpheus to proceed with plans to expand, develop and produce its coal projects in Indonesia....
INDIA: Campaign to unseat the Prime Minister builds as investigations into coal scandal gather momentum
(EnergyAsia, October 2 2013, Wednesday) — India’s opposition is stepping up a campaign to force Prime Minister Manmohan Singh’s resignation amid allegations of corruption and mismanagement as the country’s economy continues an alarming three-year slide that has sent its currency plunging to record lows. For the first time, the 81-year-old leader this week directly dismissed...
CHINA: Germany’s BASF to open technical service laboratory for mining solutions in Pudong, Shanghai
(EnergyAsia, October 1 2013, Tuesday) — Germany’s chemicals giant BASF said it plans to open a laboratory in China’s Shanghai city next year to provide technical services for the mining industry. As part of the company’s global technical network, the laboratory is scheduled to start up in the first quarter of 2014 at the BASF...
SINGAPORE: Speech by Pavilion Energy’s group CEO on “The future of LNG: Asia and Singapore”
(EnergyAsia, October 1 2013, Tuesday) — The following is an edited version of the keynote speech delivered by Seah Moon Ming, group CEO of Singapore’s Pavilion Energy Pte Ltd, at CWC’s 5th World LNG Series event in Singapore last week. Emergence of Singapore as an LNG Hub As a global trading hub, Singapore’s trade is...
INDIA: Coal imports to continue surging as domestic production growth fails to keep pace
(EnergyAsia, October 1 2013, Tuesday) — India’s thermal coal imports are expected to surge to a new high of 82 million tonnes for the current 2013 fiscal year, more than eight times the level seven years ago. In fiscal 2006, India imported just 9.7 million tonnes of thermal coal to feed its power plants, according...
MARKETS: Oil prices looking wobbly after Obama derailed “imminent” war against Syria and Iran with classic brinksmanship play
(EnergyAsia, September 30 2013, Monday) — Oil prices have temporarily lost a major source of support as the world’s super and regional powers have been surprisingly cooperative in trying to contain Syria’s civil war from becoming a global conflict at the same time that the US is looking to thaw relations with long-time enemy Iran....