Energy Sector Developments in Asia: Key Takeaways and Insights

Strategic Insights -

Asia Pulse, a real-time wire with exclusive news, commercial intelligence, and business opportunities, released an executive briefing on energy for February 8, 2000. The briefing highlighted several significant developments in the energy sector across various Asian countries. A key controversy arose in Indonesia, where a lawmaker urged the government to halt negotiations between state-owned Pertamina and PT Caltex Pacific Indonesia (CPI) over a proposed joint venture to operate the Coastal Plains Pekanbaru (CPP) oilfield. In other news, PT Caltex Pacific Indonesia predicted its production from Riau province would reach 4.5 billion barrels over the next 25 years, courtesy of new technology. Meanwhile, India's National Thermal Power Corporation (NTPC) was set to finalize a $91.95 million deal for a hydro-power project in Himachal Pradesh. Additionally, Air Products Singapore and Wacker Siltronic entered a long-term contract for gas supply, and Oman's Liquefied Natural Gas (LNG) project began experimental operation, targeting gas exports to South Korea by April 1st. BHP announced a 5% reduction in coking coal prices for Japanese steel mills.

Key Takeaways:

  • A lawmaker in Indonesia urged the government to halt negotiations between Pertamina and PT Caltex Pacific Indonesia (CPI) over a joint venture to operate the Coastal Plains Pekanbaru (CPP) oilfield.
  • PT Caltex Pacific Indonesia predicts its production from Riau province will reach 4.5 billion barrels over the next 25 years, thanks to new technology.
  • India's National Thermal Power Corporation (NTPC) is finalizing a $91.95 million deal for a hydro-power project in Himachal Pradesh, expected to be completed by the end of 2004.
  • Air Products Singapore and Wacker Siltronic entered a long-term contract for gas supply, with Air Products providing MEGASYS Total Gas Management services.
  • Oman's Liquefied Natural Gas (LNG) project began experimental operation and is targeting gas exports to South Korea by April 1st.
  • BHP announced a 5% reduction in coking coal prices for Japanese steel mills.

Statistics:

  • 4.5 billion barrels: PT Caltex Pacific Indonesia's predicted production from Riau province over the next 25 years.
  • 25 years: The timeframe for PT Caltex Pacific Indonesia's predicted production.
  • 800 MW: The capacity of the Koel Dam hydro-power project in Himachal Pradesh, India.
  • $91.95 million: The value of the deal for the Koel Dam hydro-power project in Himachal Pradesh, India.
  • 2004: The expected completion year for the Koel Dam hydro-power project in Himachal Pradesh, India.
  • 5%: The reduction in coking coal prices for Japanese steel mills announced by BHP.

Sources:

  • "LAWMAKER WANTS GOVT TO STOP PERTAMINA/CALTEX TALKS" by Asia Pulse, February 8, 2000.
  • "CALTEX INDONESIA TARGETS 4.5 BLN BARRELS OVER 25 YRS" by Asia Pulse, February 8, 2000.
  • "INDIA'S NTPC TO FINALISE $91.95 MLN DAM PROJECT" by Asia Pulse, February 8, 2000.
  • "AIR PRODUCTS SINGAPORE, WACKER SILTRONIC IN DEAL" by Lehigh Valley Business Journal, February 8, 2000.
  • "OMAN LNG PROJECT STARTS EXPERIMENTAL OPERATION" by Al Watan Arabic Daily, February 8, 2000.
  • "BHP ACCEPTS 5% CUT IN COKING COAL PRICE FOR JAPAN STEEL MILLS" by Brisbane Courier-Mail, February 8, 2000.