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
9 May 2012 China to build Singapore's biomass-solar power plant China daily
8 May 2012 China's first deep-water rig to drill in South China Sea China Daily
8 May 2012 India: Coal India inks FSAs with 13 power units so far The Hindu Business Line
5 May 2012 India: Ministry plans sovereign fund for coal buys abroad The Financial Express
30 April 2012 Philippines to award oil, gas exploration contracts Business Recorder
28 April 2012 New NAP strategies to turn Malaysia into an energy efficient vehicle hub The Star
26 April 2012 Bangladesh signs drill deal with Russia's Gazprom Business Week
18 April 2012 Wind energy in Pakistan: Sindh to allot 26,000 acres for wind turbines Reve
17 April 2012 Bangladesh approves allocation of $135 million from gas fund for projects Platts

 
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...