News Update

Asia's significance and contribution to global issues of energy, climate change and sustainable development has been steadily growing. The update highlights some of the major news stories from various Asian countries offering an overview of the issues, prospects and challenges in the region.

 

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Date News Title Source
17 April 2011 Bangladesh: Solar power changes lifestyle bringing modern facilities in remote areas Energy Bangla
17 April 2011 India: ONGC Videsh gets foothold in Kazakh Business Standard
15 April 2011 NRL to build 100 km pipeline from India to Bangladesh for Rs 150 crore The Economic Times
14 April 2011 Malaysia to set up energy development agency - report Reuters
12 April 2011 Pakistan to build its first on-grid solar electricity system Green Optimistic
7 April 2011 China to encourage foreign investment in oil and gas China Daily
7 April 2011 India: Cabinet OK for national clean energy fund The Economic Times
31 March 2011 Going green made compulsory for large scale constructions in Sri Lanka Colombo Page
31 March 2011 India favourite destination for clean energy The Hindu

 
India: GAIL readies $1billion war chest for shale gas
The Times of India, 3 November 2011

State-run utility GAIL has drawn up a war chest of $1 billion for acquiring shale gas assets abroad and will pump $400 million into importing gas in ships (liquefied natural gas) and petrochemicals through its Singapore trading desk. The trading office will also look at logistics and shipping requirements for moving LNG to India. It will identify sellers for long-term, short term and spot supplies, besides make money through arbitrage. Initially, the focus will be on LNG that will make up about 90% of the trading.  Read full story...