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AsiaElec covers utility-scale power developments and policy across all main industry sectors, including coal and gas-fired thermal power, nuclear, renewables, hydro, combined heat and power (CHP), transmission, grid and storage. It also covers the closely interlinked coal-mining sector.
AsiaElec reports on project investment and approval, providing news and intelligence on key developments. This is ideal, not only for investors, developers and competitors, but for service, infrastructure and construction companies, who benefit from knowing where best to make their next key move in a rapidly developing market.
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Reduced LNG demand drives project delays
Investors are widely expected to delay sanctioning new LNG export capacity on the back of depressed demand and an uncertain economic outlook.
Australia pursues hydrogen ambitions
Sinopec awards long-term LNG supply contract to Qatargas
China’s state-run Sinopec has reportedly awarded a long-term liquefied natural gas (LNG) supply contract to Qatargas for 1mn tonnes per year of the super-chilled fuel.
IEA calls for dramatic scaling up of clean tech to reach net zero
The power sector can only account for one-third of the progress needed to reach net-zero emissions. Transport, buildings and industry must also invest in clean tech, the IEA warns
Vietnam’s fuel importers struggle to shift diesel stockpiles
MHI Vestas boosts local content in Taiwan
MHI Vestas has signed a contract to buy spinner covers and nacelle covers for offshore wind turbines from Fassmer Atech Composites Taiwan in what is a major boost for Taiwan’s offshore wind supply chain.
Equinor is the latest global name to take part in Japan’s first offshore bid round
Japan needs to foster fast offshore wind expansion if it is to catch up with regional leaders
Ørsted signs shipping contract for Greater Changhua
Denmark’s Ørsted has chartered five crew transfer vessels (CTV) to service the construction of the Greater Changhua 1 & 2a Offshore Wind Farms in Taiwan.
Australian explorer Pilot Energy to develop wind farm offshore Western Australia
Australian energy company Pilot Energy is investigating the potential for developing a 1.1-GW offshore wind farm off Western Australia that would be paired with an onshore solar project.
CNNC makes nuclear progress in Pakistan
China National Nuclear Corporation (CNNC) has completed so-called hot functional tests (HFT) at the K2 reactor at Pakistan’s Karachi nuclear power plant.
India’s confident of meeting renewable target
India aims to increase its non-fossil fuel energy capacity from 134 GW today to 220 GW by the end of 2022.
State Gas reveals CBM production record
Australian junior State Gas has revealed a new coal-bed methane (CBM) production test record at its wholly owned Reid’s Dome project in the Bowen Basin.
Australia well placed to exploit green hydrogen potential
Economies of scale and the falling cost of renewables make Australia well placed to exploit its future green hydrogen potential
ADB advised to withdraw from coal
The Asian Development Bank’s internal watchdog, Independent Evaluation, has urged the bank to revisit its energy policy and formally withdraw from financing new coal-fired projects.
Total, Macquarie to develop 2-GW floating wind portfolio in South Korea
Total and the Macquarie-owned Green Investment Group (GIG) have concluded a 50/50 partnership to develop a portfolio of five floating offshore wind projects in South Korea.
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
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