AsiaElec - Asia Power

Australia’s gas plans appear to be on shaky ground

The Australian government does not appear to have noticed that its plans to bolster gas-fired power generation (GPG) over the long term have begun to unravel rather rapidly.

Japan to reach 27% green energy in decade

Investing over $100bn in solar and wind power over the next decade is expected to take Japan beyond its renewables target and achieve 27% of the energy mix.

Ampol sinks to first-half loss

Australian refiner and fuel retailer Ampol swung into the red in the first half of 2020 as the COVID-19 pandemic wreaked havoc on international oil prices and domestic fuel demand alike.

Pertamina posts first-half loss

Indonesia’s state-owned Pertamina swung into the red in the first half of the year as a “triple shock” of weaker energy demand, lower oil and gas prices and a depreciating rupiah took its toll.

IOC invests $47mn in Paradip refinery’s MEG plant

State-run Indian Oil Corp. (IOC) has invested INR3.46bn ($46.9mn) since the start of the financial year on its project to add a monoethylene glycol (MEG) plant to the Paradip refinery in Odisha State.

ONGC reveals $6.1bn debt plan

India’s state-run Oil and Natural Gas Corp. (ONGC) has said it is considering raising up to INR450bn ($6.1bn) worth of debt, following recent reports that the developer would struggle to finance its capital expenditure objectives.

Green hydrogen needs more government backing

Current growth rates in the global green hydrogen industry are just not high enough to meet global energy demand, with massive capital shortfalls and government inaction stalling start-ups.

JERA files EIA for 520-MW offshore wind farm in Japan

Japanese energy company JERA has filed an environmental impact statement (EIA) for its proposed 520-MW offshore wind farm in the Ishikari Bay off the northern island of Hokkaido.

Goldwind continues Australian green expansion

Goldwind had made further steps in developing the $1.5bn Clarke Creek hybrid wind, solar and battery project in Queensland

Gazprom and Mongolia agree to set up JV for gas transmission to China project