Tag Archives: Asia

China Pledge could Trigger Big Drop in

China’s pledge to stop building coal power plants abroad could lead to a sharp drop in the number of coal plants being completed in Asia, according to a study released on Wednesday (Nov 10). President Xi Jinping’s announcement in September that China would no longer build coal plants overseas could …

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China to Lead Asia LNG Regasification Capacity Additions through 2025

China is expected to lead Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 –China Dominates LNG Regasification Capacity Additions …

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Aramco Increases Crude Price for Asian, US Buyers

Saudi Arabia’s state-run energy giant, Saudi Aramco, has increased the official selling price of the Kingdom’s crude to Asian and US buyers. Global oil prices reportedly saw a smaller weekly loss as a result. In particular, Aramco increased pricing for its key Arab Light grade of crude for Asian customers …

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Asia Needs $3 Trillion of Energy Investment

Asia remains a leading energy demand centre and will increasingly drive global energy trends. Energy demand in Southeast Asia has grown by 80% since 2000, at a rate far exceeding the global average. This rapid expansion has maintained pace during the pandemic and is poised to accelerate in 2021, according …

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Rising Covid-19 Cases in Asia Push Oil Prices Down

Oil prices slipped on Monday after hitting more than two-and-a-half-year highs earlier in the session, as a spike in Covid-19 cases in Asia put a brake on rally before this week’s OPEC+ meeting. Brent dipped 10c, or 0.1%, to $76.08 a barrel at 9.11am GMT, after climbing to $76.60 its …

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