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Japan’s JX to Buy 60,000 Tons of LNG in Spot Market

JX Nippon Oil & Energy Corp said on Friday it would buy 60,000 tons of liquefied natural gas (LNG) on the spot market, aiming to expand sales in a domestic market shifting away from costlier and more polluting oil. This would be the second attempt by JX Nippon Oil, Japan's top refiner, to buy LNG via a spot contract. Its first purchase was earlier this year, moving into a market dominated by power and g ...

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Australia’s Woodside Joins Daewoo to Explore for Oil in Myanmar

Woodside Petroleum has agreed to explore for oil and gas in Myanmar with South Korea's Daewoo International Corp, giving Australia's biggest oil and gas company a foot in the door in one of the global industry's most promising frontiers. Woodside said on Friday that Daewoo International has agreed to sell it a 40% stake in a production sharing contract in Block AD-7 in the Rakhine Basin, in the western offs ...

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Reliance Power increases cooperation with China

Reliance Power, part of Reliance (ADA) Group, has formed a strategic partnership with China Datang Corporation (CDT) for development and operation of power and energy projects in India and overseas. CDT is represented by the China Datang Overseas Investment Company (CDTO). CDT, a major power producer in China, has a power generation capacity of over 1 lakh mw, and is amongst China's top 50 companies. The pa ...

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Revised PDP requires B800bn to build power infrastructure

The revised Power Development Plan (PDP) spanning 2013-30 requires a total budget of 800 billion baht for power plants and transmission lines, said the Electricity Generating Authority of Thailand (Egat). The PDP, which was revised a month ago, aims to add 55,000 megawatts of new capacity by 2030, said Pongdith Potchana, Egat's deputy governor for corporate social responsibility. Based on the country's aver ...

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Power export project for Aurecon in Cambodia / Thailand

Aurecon’s Energy team has recently been engaged by Ratchaburi Electricity Generating Holdings (RATCH) to carry out a feasibility study into the Koh Kong Power Project in western Cambodia. RATCH is Thailand’s largest independent power producer and is developing the project in order to export electricity from Cambodia to supply Thailand’s fast growing electricity demand. Paul Godden, an Associate in our Energ ...

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TNB wins the Prai combined cycle bid

Tenaga Nasional Bhd (TNB) has won the international bid to develop a new Combined Cycle Gas Turbine plant (Track 1) in Prai, Penang worth RM3 billion. Chairman of the Energy Commission, Tan Sri Dr Ahmad Tajuddin Ali, said with the bidding results out, TNB can now build, operate and own the integrated gas turbine power plant with a capacity of 1,071 MW and a tariff of 34.7 sen/kWh. The plant is scheduled for ...

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Increasing energy efficiency in Asia’s fleet of heat recovery steam generators

According to the latest international energy outlook, global power consumption is expected to increase by 53% from 2008 to 2035.With the growing affluence of Asian economies, particularly China andIndia;increased appetite in consumption of goods and services has resulted in soaring demand for energy in this part of the world. The need for highly efficient fossil power generation remains, as alternative ener ...

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New MoU Will See Biomass Boom for India

India is set to see some new biomass power projects up and running thanks to a memorandum of understanding (MoU) signed by the Haryana state government.The MoU has been signed with four independent power producers to set up five biomass projects each producing up to 51MW of power via an investment of Rs230 crore (€33.3 million). Haryana has been heralded as a leading state in furthering energy conservation ...

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Full steam ahead for PLN

State utility company Perusahaan Listrik Negara does plan on signing any new coal procurement contracts until 2014, as expected supply has surpassed consumption for the next two years, a senior official at the firm said on Tuesday. Helmi Najamuddin, head of the coal division at the firm, said that PLN has secured 69.2 million tons of coal, while annual consumption stands at around 31.9 million tons, excludi ...

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EGCO looks for opportunity in the Philippines

THAI power firm Electricity Generating Public Co. Ltd. (EGCO) is keen on expanding its presence in the Philippines through acquisitions and construction of new plants as it notes the economy’s rising demand for energy. EGCO is the international investment arm of Thai state-run firm Electricity Generating Authority of Thailand. The Thai firm is on the lookout for opportunities to build plants with capacities ...

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