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Asia
RCEP
RCEP to Take Effect on First Day of 2022, Extend Asia-Pacific Industrial Chains in Closer Bond
The world will see the establishment of its largest trade bloc, the Regional Comprehensive Economic Partnership, from the beginning of 2022
Energy Storage Battery
VW-backed Northvolt Starts Output at Swedish Lithium-ion Battery Cell Gigafactory
Battery storage specialist commissions first factory at Skellefteå amid efforts by Europe’s car industry to lessen dependence on Asian producers
Solar Power Plant
SPNEC Starts Construction of ‘Biggest Solar Project in Southeast Asia’
Newly-listed Solar Philippines Nueva Ecija Corporation over the weekend said it has started the construction of what it envisions to be the biggest solar projec…
Energy Investment
Indonesia Eyes Massive Investments in Renewable Power
The Southeast Asian nation is currently heavily reliant on coal for power generation.
Solar Power Plant
Keppel Team to Take Control of Southeast Asian Solar Platform of Shell
A group led by Singapore’s Keppel Corp Ltd has agreed to buy a 51% stake in commercial and industrial solar energy platform Cleantech Renewable Assets Pte Ltd …
Crude Oil
Saudi Arabia Will Supply Full Volumes To Asia
Saudi Arabia will supply full contracted oil volumes to most of its buyers in Asia.
Oil Price
Saudi Arabia Hikes Oil Prices Despite Omicron Fears
Arab Light will next month sell for $0.60 more per barrel than it does this month for buyers in Asia
Coal Price
NE Asia Coal Prices Retreat on Lower Restocking Demand
The northeast Asian coal market retreated this week in line with wider price weakness in Asia-Pacific.
Crude Oil
Saudi Arabia May Raise January Oil Prices to Asia
Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month
Coal Price
NE Asia Coal Prices Jump on Fiercer Competition
A cold snap across the northern hemisphere and fiercer inter-basin competition for fuel amid a decline in Russian natural gas deliveries to Europe supported coa…
Hydrogen Project
Adipec 2021: Mitsui and GS Energy to Help Develop Blue Ammonia Project
The agreements build on Adnoc's sale of blue ammonia to Japan and South Korea with the Asian companies partnering with Ta’ziz and Fertiglobe
Pakistan
IEA Launches Hydropower Trading Roadmap for Tajikistan
The International Energy Agency has released a new roadmap that examines ways Tajikistan could maximise the potential value of its surplus hydropower through cr…
UAE is the Official Host for COP28 in 2023
Confirmation followed unanimous endorsement by the Asia Pacific Group of nations during COP26, where nearly 200 countries have gathered to take concerted action…
Energy Transition
Japan Pledges $10bn to Support Energy Transition in Asia
Two days after scoring a surprisingly robust general election victory, Japanese Prime Minister Fumio Kishida promised up to $10 billion in additional climate fi…
Energy Investment
KKR Invests $2bn in South Korean Energy Company SK E&S
Global investment firm KKR has invested KRW2.4trn, on behalf of its Asia Pacific infrastructure fund in South Korean energy company SK E&S.
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