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India heading for the centre of the global energy stage, IEA says

Country needs more than INR 9 lakh crore ($140 billion) per year in investment to meet its rapidly growing energy needs and its development ambitions

India is set to contribute more than any other country to the rise in global energy demand over the next 25 years, underlining its ever-greater influence in Asia and on the […]

By |November 28th, 2015|Energy News, General News, Local News|0 Comments

IEA says global oil demand will slow down in 2016

Global demand growth is forecast to slow to 1.2 million barrels per day (mb/d) in 2016 after surging to a five-year high of 1.8 mb/d in 2015, the IEA Oil Market Report (OMR) for November informed subscribers. Momentum will ease towards its long-term trend as recent props – sharply lower oil prices, colder-than-year-earlier winter weather […]

By |November 14th, 2015|Energy News, General News, Latest News, Local News|0 Comments

Australian iron-ore, LNG exports to China higher in Q3

Greater investment in China’s infrastructure and services sectors in the third quarter of this year, partially offset weaker activity in other sectors of the country’s economy, including the real estate, heavy industry and export sectors. In its latest edition of the China Resource Quarterly (CRQ), the Australian Office of the Chief Economist noted that China’s […]

By |November 13th, 2015|Energy News, General News, Latest News|0 Comments

Natural gas losing its shine as Asia holds faith in coal power?

The shine is coming off once bright prospects for natural gas as the future fossil fuel of choice in Asia as power companies in India and Southeast Asia tap abundant and cheap domestic coal resources to generate electricity.

Asian loyalty to coal is shrinking the space available for natural gas just as supplies are ramping up […]

By |November 4th, 2015|Energy News, General News, Latest News|0 Comments

Global LNG surplus pushing producers, importers into spot market

Producers and importers of liquefied natural gas (LNG) are preparing to trade the fuel more actively on a spot basis as a looming supply surplus threatens to overwhelm decades-old bilateral contracts and pressure prices lower.

With the advent of 130 million tonnes of LNG capacity in Australia and North America by 2020, producers such as Woodside […]

By |November 2nd, 2015|Energy News, General News, Latest News|0 Comments

Dubai’s private LNG tender marks new forward price lows-traders

The Dubai Supply Authority (DUSUP) is holding a private tender to buy between 4-6 liquefied natural gas (LNG) cargoes each in 2016 and 2017, and is nearing the final stages of the process with an award expected soon, trade sources said.

Around 15 companies participated in the process via bilateral discussions and price offers were extremely […]

By |October 17th, 2015|Energy News, General News, Latest News|0 Comments

Nuclear and Renewables Will Drive India’s Cumulative Installed Capacity Beyond 600 GW by 2025

India’s cumulative installed capacity will more than double from 272.8 Gigawatts (GW) in 2014 to 609 GW by 2025, representing a Compound Annual Growth Rate (CAGR) of 7.3%, according to research and consulting firm GlobalData.

The company’s latest report* states that while coal-generated thermal power will continue to dominate, India’s renewable and nuclear energy sectors are […]

By |October 17th, 2015|Energy News, General News, Latest News, Local News|0 Comments

Indian power plant coal stocks fall to new over 6-month low: CEA

Combined stocks of thermal coal at 100 Indian power plants were at 25.52 million mt Tuesday, more than triple the 7.78 million mt recorded at the same time last year, but at the lowest since March 26, according to data released by India’s Central Electricity Authority.

The volume was 9.3% lower than a month earlier and […]

By |October 12th, 2015|Energy News, General News, Latest News|0 Comments

Asian September LNG imports fall 1.2% on year to 13.22 mil mt

LNG imports by Asian buyers fell 1.2% year on year to 13.22 million mt in September as those in North Asia had limited capacity to take additional cargoes due to high inventories carried over from the summer.

September imports were also down 2.9% from August as peak power demand ended in North Asia. This compares with […]

By |October 7th, 2015|Energy News, General News, Latest News, Shipping News|0 Comments

Six bears, zero bulls point to lower Asia LNG price: Russell

Around about now it would be normal for the price of spot liquefied natural gas (LNG) in Asia to start rising ahead of the northern winter, but these are far from normal circumstances.

It’s hard to imagine a more bearish set of circumstances facing LNG suppliers, and it’s about to get worse with exports ramping up […]

By |October 7th, 2015|Energy News, General News, Latest News|0 Comments