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Asia
Gas power plant
ADB Finances Construction of Gas-Fired Power Plant in Afghanistan
The Asian Development Bank has signed an agreement to provide a loan to the Afghan Power Plant Company for the Mazar gas-fired power plant in Afghanistan.
Oil & Gas Trade
Iran Pressures South Korea To Pay Debts For Oil Exports
The governor of Iran's Central Bank has threatened legal action against South Korea if the Asian country’s banks refuse to unlock billions of dollars owed to I…
Crude Oil
Refineries Around Asia Join Chinese Peers in Ramping up Oil Output
Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.
Geothermal Power Plant
Indonesia Wins $300m to Expand Geothermal Energy Generation
In Indonesia, state-owned enterprise PT Geo Dipa Energi has won a $300 million loan from the Asian Development Bank to expand its geothermal energy generation.
Ice Brent Crude Futures Rise Above $40/bl
Crude futures rose in early Asian trading amid optimism for further production cuts by the Opec+ alliance ahead of talks that could be brought forward to this w…
Crude Oil
China, India Soak Up Oil from Floating Storage as Demand Recovers
The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analyst…
Coal Trade
Asia Has Already Begun Coal to Gas Switch
An escalating decline in thermal coal imports among major Asian buyers can largely be attributed to a collapse in LNG prices, according to commodity tracking fi…
Wind Power Project
ADB to finance Southern Thailand wind power and battery energy storage project
The Asian Development Bank (ADB) has agreed to finance the Southern Thailand wind power and battery energy storage project.
Oil & Gas Trade
Saudi Loss of China Oil Market Share Likely Brief
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asi…
Hydropower Plant
Duglas Alliance and Stucky Join Forces for Hydropower Development
Duglas Alliance Ltd and Stucky Ltd will cooperate in hydropower development in the Caucasus, central Asia and Africa.
LNG
Asian LNG Prices Spike 20% As Demand Returns
This week, the uptick in demand and the lower supply have sent LNG prices jumping.
Crude Oil
Oil Drops in Early Asian Trading Amid Worries about Second Wave Pandemic
Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave …
Coal Production
The Demise of Coal Might be Slowed in Asia Amid Covid-19
Coal power plant construction will push ahead in Asia despite falling electricity demand and environmental concerns as policymakers prioritise boosting economie…
Coal Production
Coal Power Tipped to Decline in APAC in 2020
Low electricity demand hit coal-fired generation in India and Southeast Asia.
Oil Price
Oil Glut Drives Oil Prices Lower
Oil prices opened about 1% lower on Monday in Asia as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even …
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