A vast upheaval in energy markets with the rise of shale oil and of demand in emerging economies is changing the fuel map of the globe, the IEA said on Tuesday. These huge changes, including the growth of renewable energies, will widen differences in energy costs between regions and could hit the competitive positions of industries in Europe and Japan. Their shares of global exports of goods made with heavy ...

China is bracing for natural gas shortages this winter as the government tries to fight smog by reducing consumption of coal. On Oct. 21, the National Development and Reform Commission (NDRC), China's central government administrative agency, said it would take steps to limit gas use as a result of shortages that have already appeared in cities including Urumqi and Beijing, Reuters reported. The NDRC plans ...

Australian thermal coal prices rose during the past week, bolstered by a rally in European coal prices, which hit an eight-month high of $90 per tonne this month. Australia's Newcastle weekly spot index rose to close at$84.56 per tonne on Friday, up from $83.86 a tonne a week earlier, data from online trading platform globalCOAL showed. But traders and analysts said prices were set to dip as bullish sentime ...

Three clean energy companies have announced new investments in Singapore on Thursday. The three firms are German solar project developer Saferay, US smart grid technology provider Demansys Energy, and Hanergy, the largest privately owned clean energy firm from China. Hanergy and Saferay will be establishing their international headquarters in Singapore. Hanergy said in a press statement that the global head ...

Russia's coal industry, reeling from a drop in domestic demand, hopes to increase exports to China, the world's largest consumer and producer of the fuel. "We expect to increase our coal exports to China and to countries in Southeast Asia by improving our port and rail infrastructure," Ivan Grachyov, chairman of the State Duma Committee for Energy, told reporters in a video conference. He said the governmen ...

The International Energy Agency (IEA) says Southeast Asia (SE)will need $1.7 trillion in energy investments over the next two decades to cope with a surge in demand and counter growing reliance on oil imports. It said the region’s energy usage was still low at half of the global average but demand is likely to increase by more than 80 percent through 2035. An IEA report projects Southeast Asia’s oil imports ...

State-owned PetroVietnam and Rosneft are expected to sign two upstream pacts and a crude oil sales deal during Russian President Vladimir Putin to Vietnam early next month, PetroVietnam said Wednesday. One is to do with PetroVietnam's participation in the South Russky block in the Pechora Sea and West Matveyevsky in the Barents Sea. Also on the anvil is a memorandum of understanding on Rosneft's acquisition ...

A Chinese company has bagged a P30-billion contract to construct the 405-megawatt coal-fired power plant of FDC Misamis Power Corp. in Mindanao. FDC Misamis, a unit of Filinvest Development Corp., said it would hold groundbreaking ceremonies, marking the start of the power plant’s construction at the Phividec Industrial Authority in Misamis Oriental next month.  Commercial operation of the plant is expected ...

Yokogawa India, a subsidiary of Yokogawa Electric, has secured a contract from NTPC to provide control systems to each of the three units at the Kudgi supercritical coal-fired thermal power plant in Karnataka, India. Under the contract, Yokogawa will supply CENTUM VP integrated production control system, DPharp EJA series differential pressure/pressure transmitters, oxygen and liquid analyzers, a CCTV syste ...

Tokyo Electric Power Co. has decided to increase the amount of U.S. shale gas it will purchase from 2017 as fuel for thermal power generation to 1.5 times its initial plan, or 1.2 million tons a year. The move will be included as a centerpiece of TEPCO’s cost-cutting measures in the new management reorganization plan to be compiled as early as December. Shale gas is 30 percent cheaper than the liquefied nat ...