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 March 2012 China: Shale gas output set to hit 6.5b cubic meters in 2015 China Daily
17 March 2012 India: Comprehensive package for power sector The Hindu
15 March 2012 India: Panel set up to clear roadblocks in oil and gas exploration operations The Hindu
2 March 2012 South Asia grid plan gets a leg up as Bangladesh plans power buys Indian Express
29 February 2012 NTPC inks power supply pact with Bangladesh The Times of India
22 February 2012 World Bank installs 1.2 million solar systems in Bangladesh Two Circles
14 February 2012 India: CERC issues tariff guidelines for renewable energy The Hindu Business Line
3 November 2011 BHP Billiton to begin work on $1.34 billion Indonesia coal project Fox Business
3 November 2011 India: GAIL readies $1billion war chest for shale gas The Times of India

 
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...