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Polish mining majors keen to develop Asia’s largest coal block
The Deocha-Pachami coal block, in the east Indian state of West Bengal, which is billed as the largest single-location reserve in Asia, is likely to be developed by the state government in collaboration with mining majors in Poland.
read more... 12/03/2019
Daily (01.03.2019): EU carbon prices topped €22 a tonne on Thursday, rising for the fifth consecutive day
Brent crude price reversed trend, turning bearish on Thursday, influenced by lower factory output reported by the two Asia’s biggest economies – China and Japan. The record level of U.S. crude stockpiles also weighed on prices. On top of that, the lack of a deal after the two-day summit between U.S. president Trump and North Korean leader Kim Jong Un left the financial markets under pressure. Brent crude edged 0.5% down at $66.03 a barrel. Nevertheless, OPEC-led supply cuts and last week’s decline in crude U.S. crude imports to a two-decade low supported WTI crude price, which inched 0.5% up at $57.22 a barrel.
read more... 01/03/2019
Russia’s Looks To Build ‘LNG Island’ To Supply Booming Asian Market
While Russia’s gas giant Gazprom is working to complete the Power of Siberia gas pipeline expected to begin delivering gas to China in December 2019, another Russian company—the country’s biggest liquefied natural gas (LNG) producer Novatek—is looking to boost LNG supply to the growing Asian market.
read more... 16/01/2019
Trafigura boosts LNG volumes by 22 percent
Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 22 percent in the 2018 financial year, driven by a surge in demand in Asia.
read more... 11/12/2018
Rosneft inked contract on delivery of up to 2.4 mln tonnes of oil with ChemChina
Russian oil giant Rosneft said on Thursday it had signed a contract with China National Chemical Corporation (ChemChina) on the delivery of up to 2.4 million tonnes of oil to the Asian country in the course of 12 months.
read more... 29/11/2018