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  • August 21, 2014
  • Last updated: 3:11pm
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  1. News - Hong Kong - ENERGY

    Smaller rise in power rates next year, says CLP

    Posted Aug 15th 2014, 04:06am by CHEUNG CHI-FAI

    ... the local electricity market closely. "The smaller increase can help relieve a chain of price increases as a result of higher power bills," the organisation's chief executive William ... the firm could generate locally at any one time, CLP said at its interim results announcement. The shortfall was met by imports of nuclear power. Yuen said the company drew more gas from ...

  2. Business - Commodities - ENERGY

    Mainland China oil majors expected to unveil mediocre profits

    Posted Aug 11th 2014, 03:56am by Eric Ng

    ... majors set for mediocre profit The mainland's state-backed oil and gas giants will report their earnings results later this month that are expected to range from marginally higher to a moderate decline for the first half of this year, as robust growth was offset by higher costs. Analysts expect better second-half results for PetroChina and China Petroleum & Chemical Corp ...

  3. Business - Commodities - ENERGY

    Beijing raises natural gas prices by 16pc

    Posted Aug 12th 2014, 04:59pm by Eric Ng

    ... allowed, and the actual hikes will depend on the negotiation results between PetroChina and the local governments, some of which may resist the full hike to protect consumers. Powell estimated ...

  4. Business - Commodities - ENERGY

    China's power producers recoup past losses on economic shifts

    Posted Aug 07th 2014, 12:31pm by Eric Ng

    ... Beijing failed to implement a coal cost pass-through mechanism for setting tariffs to protect consumers against inflation, resulting in major losses for generators amid soaring coal prices. ...

  5. Business - Commodities - ENERGY

    Extra carbon permits voted off the market

    Posted Dec 11th 2013, 05:05am by Reuters

    ... Reuters in Strasbourg European Parliament acts to approve backloading, so regulators can make a one-off delay to scheduled sales of 900 million surplus permits Extra carbon permits voted off the market The European Parliament voted yesterday to remove surplus permits from the carbon market from next year to prop up allowance prices on the EU Emissions Trading Scheme (ETS), ...

  6. Business - Commodities - ENERGY

    CNOOC boosts oil output off southern coast to reach target

    Posted Jun 13th 2014, 05:57am by Bloomberg

    ... positive more production should be possible out of this site once some of the programmes under way begin to produce results," Liao told reporters visiting the terminal on Tuesday. The Weizhou ...

  7. Business - Commodities - ENERGY

    Chinese drilling rig off Vietnam likely to strike gas, experts say

    Posted May 29th 2014, 03:18pm by Reuters

    ... results. The US$1 billion deepwater rig owned by state-run China National Offshore Oil Company Group, parent of listed flagship unit CNOOC, is scheduled to explore until mid-August. “The place ...

  8. Business - Commodities - ENERGY

    Li Ka-shing firms bid for control of Australia's gas operator Envestra

    Posted May 09th 2014, 01:14am by Eric Ng

    ... or a combination of its shares and cash. CKI representatives on Envestra's board, Dominic Chan and Ivan Chan, recommended in March that other Envestra shareholders vote against APA's offer. Shareholders will vote on May 13. Cheung Kong is a Hong Kong property developer. CKI owns power, water, gas utilities and transport infrastructure projects. Power Assets mainly invests in electricity ...

  9. News - China - ENERGY

    China, Russia sign historic natural gas supply deal worth US$400b after decade of talks

    Posted May 21st 2014, 05:51pm by Teddy Ng

    ... was a "tangible result" for Putin that he could get things done despite his difficulties with the West, said Rafaello Pantucci, a senior research fellow with the Royal United Services Institute, ...

  10. Business - Commodities - ENERGY

    British Columbia woos LNG investment with low taxes

    Posted May 10th 2014, 01:20am by Eric Ng

    ... concluded a week-long mission in Asia to encourage more investment in her province. Sharp wage increases resulting from Australia's resources boom saw some firms give up building onshore LNG ...




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