Category Archives: Energy

Indonesia postpones coal royalty rise as miners resist due to low prices

The Indonesian government has postponed plans to raise coal royalties due to strong resistance from small and medium-sized miners saying it was an extra burden while prices were low, a senior government official said Thursday.

Indonesian miners met energy ministry officials this week to state their opposition to the plan to raise coal royalty payments across the board to 13.5% from the current 3-7%, industry sources said.

Read more at: http://www.platts.com/latest-news/coal/manila/indonesia-postpones-coal-royalty-rise-as-miners-26755426

Turkish coal import restriction change could spur Colombian competition: sources

Turkey’s environment ministry is considering a proposal to increase a limit on the volatile content of imported thermal coal, a move that could potentially allow more Colombian producers to sell their products to the country, according to market sources Wednesday.
Cerrejon — a joint venture between Glencore Xstrata, BHP Billiton and Anglo American — is currently the only Colombian producer which can ship coal that satisfies all of Turkey’s imported thermal coal quality restrictions.

Read more at: http://www.platts.com/latest-news/coal/sopot-poland/turkish-coal-import-restriction-change-could-21356533

Jinchuan furnace outage will cut copper, nickel output for 3-4 months

Jinchuan’s declaration of force majeure is likely to see the smelter reduce copper output by 100,000 tonnes and nickel output by 30,000 tonnes, according to a source doing business with the company.

The equipment failure happened in the furnace at Jinchuan’s Gansu smelter, according to a second source, with knowledge of the situation. The Gansu smelter has a fully-operational copper capacity of about 400,000 tpy and a nickel capacity of about 150,000 tpy.

Source: http://www.metalbulletin.com/Article/3320930/Channel/195220/Jinchuan-furnace-outage-will-cut-copper-nickel-output-for-3-4-months.html

Canadian Micro-Grid Project Features Electrovaya Lithium Storage

Electrovaya Inc. a developer and manufacturer of lithium ion battery systems today announced that it will partner with Canadian Solar Inc. for a micro-grid project. Electrovaya plans to provide a 200 kWh energy storage system which will feature its Lithium Ion SuperPolymer 2.0 technology.

See more at: http://www.solarnovus.com/canadian-smart-grid-project-features-electrovaya-lithium-storage_N7565.html#sthash.0AvFBV3F.dpuf

GlencoreXstrata keen to boost position in coal

GlencoreXstrata CEO Ivan Glasenberg, who served in the old Glencore for 22 years prior to the merger with Xstrata, is a coal bull who is keen to boost the company’s coal position in South Africa.

The Switzerland-domiciled but South African-born Glasenberg spent many a trading day in the coalfields of South Africa’s Mpumalanga province before walking the corridors of corporate power in Baar and London.

Read more at: http://www.miningweekly.com/article/glencorexstrata-keen-to-boost-position-in-coal-2014-03-14

A government official said that Indonesia will allow coal production in 2014 to match last year’s levels, pulling back from its earlier attempts to reduce output.

The world’s top thermal coal exporting nation had in January targeted capping production at 397 million tonne, a cut of 5.7% from the 2013 figure. The move was aimed at helping support coal prices that are now at four-year lows and securing supplies to meet growing domestic demand.

But coal companies have said they need to boost output to compensate for declining prices and are planning increases despite government threats of sanctions.

The top 6 producers in Indonesia all aim to boost production in 2014 to compensate for continuing low prices.

Indonesia ships USD 2 billion worth of coal a month to power plants across Asia. A failure to rein in production by the Southeast Asian nation could keep a lid on coal prices and increase market competition as rival supplier Australia is also boosting output.

Read more at:  http://www.steelguru.com/international_news/Indonesia_relaxes_coal_output_cap_as_miners_aim_for_volumes/334530.html

Decisions about LNG exports up to Energy Dept -White House

WASHINGTON, March 6 (Reuters) – The White House on Thursday, responding to a question about whether the United States would ease restrictions on exports of liquefied natural gas to supply Ukraine, said the Department of Energy would be responsible for decisions about liquefied natural gas exports.

“The Department of Energy has regulatory authority over liquefied natural gas exports,” White House spokesman Jay Carney said at a briefing.

“DOE will continue to make public interest determinations on a case-by-case basis considering economic, energy security, environmental and geopolitical impacts among other factors,” Carney said. (Reporting By Mark Felsenthal, Jeff Mason and Steve Holland; Editing by Sandra Maler)

Source: http://www.trust.org/item/20140306181332-ookgx

Moniz Open on Talks for Amending LNG Export Process

U.S. Secretary of Energy Ernst Moniz said he would “welcome consultation” with U.S. Congress on altering the U.S. liquefied natural gas (LNG) export approval process to allow the Department of Energy (DOE) to have sway over the destination of LNG exports. The invasion of Russian military into Ukraine – with Russian President Vladimir Putin threatening to seize U.S. assets in Russia if the United States and its allies impose sanctions – has generated discussions of how the surge in U.S. oil and gas production thanks to the shale boom could benefit not only the United States but its allies worldwide.

Read more at: http://www.rigzone.com/news/oil_gas/a/131946/Moniz_Open_on_Talks_for_Amending_LNG_Export_Process#sthash.Vkg5OUmT.dpuf

Natural gas – One Thing Americans Can Do About Russia and Ukraine

“Section 3 of the Natural Gas Act prohibits the import or export of natural gas, including liquefied natural gas (LNG), from or to a foreign country without prior approval from the Department of Energy (DOE),” according to the Energy Department.

Action on this issue is within the control of the executive branch. In other words, the U.S. Department of Energy under President Obama can approve applications to export liquefied natural gas. However, the administration has been slow in doing so. Two bills in Congress would change that.

Read more: http://www.forbes.com/sites/stuartanderson/2014/03/04/heres-one-thing-we-can-do-about-russia-and-ukraine/

GE picks Indonesia to launch $1.4 billion new business

American technology company General Electric (GE) Co. has stated that it has chosen Indonesia as the country in which to launch its US$1.4 billion distributed power business, which concentrates on smaller-scale energy generation.

GE officially introduced its distributed power business in Jakarta on Tuesday to tap into the archipelago’s future energy blueprint.

Read more at: http://www.thejakartapost.com/news/2014/02/26/ge-picks-indonesia-launch-14-billion-new-business.html

« Older Entries Recent Entries »