The Asian market for liquid natural gas is being transformed as Thailand, Pakistan and others join the ranks of importers and consumption grows rapidly in China and India
China is making a monumental change in how it governs its energy sector: by giving itself an energy ministry. Beijing announced earlier this month that the country’s vast oil, gas, coal and power sectors will be overseen by an energy ministry, which would replace an existing regulator.
India’s Sterlite Power Transmission has won a contract to build 1,800km of power lines in northern Brazil, beating out international competitors to make what it claims would be the largest investment in Latin America by an Indian company.
India is keen to rapidly develop Iran’s Chabahar Port, a strategic facility that New Delhi hopes will help expand its trade with Afghanistan and energy-rich Central Asia by circumventing Pakistan.
QOS Energy, a French software vendor in energy information systems, is setting up a new office in India to meet growing demand of its customer base and exploit the opportunities offered by the booming Indian market.
China Shenhua Energy shares soared 16.3% to an 18-month high on Monday after it announced a record dividend payout of 59 billion yuan ($8.55 billion) on surging profits and coal prices.
Reliance Communications’ $1.6 billion stake sale in its tower business sets the stage for consolidation in India’s telecom infrastructure, as mobile phone operators grapple with a price war triggered by cutthroat competition.