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Archive for the ‘China’ Category

Alcoa to shed 194 jobs, bringing end to aluminium foil manufacturing in Aus: cites high $A, low-cost China

Posted by gasweek on 10 October, 2007

Alcoa would shed 194 jobs, the bulk of which would be lost when it shut its aluminium foil and coil plant at its Yennora site in western Sydney, wrote Andrew Trounson in The Australian (28/9/2007, p.2).

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Posted in Australia, China, NSW | Leave a Comment »

Iraq orders $US100 mil­lion ($112 million) worth of light military equipment from China

Posted by gasweek on 10 October, 2007

News of the Iraqi arms deal – in which it would order $US100 mil­lion ($112 million) worth of light military equipment from China – came as Lieutenant-General Raymond Odierno, the top US commander for day-to-day op­erations in Iraq, said he expected a US presence would be re­quired for “at least three to five more years” and would involve 25,000 to 50,000 troops, depend­ing on security conditions, reported The Sydney Morning Herald (5/10/2007, p.9).

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Posted in China, Iraq, US, Volume 2603 | Leave a Comment »

West Australian tender to pit a Chinese-funded mining company against one backed by Japan’s Mitsubishi

Posted by gasweek on 10 October, 2007

Under the tender process announced 8 October, Midwest and Murchison will contest to build a multi-user port at Oakajee, north of Geraldton.

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Posted in China, Japan, Volume 2603 | Leave a Comment »

China and India allow generals to use Burma’s ample natural resources and strategic geographical position to survive

Posted by gasweek on 9 October, 2007

In November 2005 the Burmese military junta moved the capital to a location near Pyinmana, 300 kilometres north of Rangoon, wrote Bertil Lintner in The Sydney Morning Herald (29/9/2007, p. 27). Read the rest of this entry »

Posted in China, Defense, Gas, India, Volume 2603 | Leave a Comment »

China silent on Burma protests, despite heavy investment in resources; India trying to gain oil/gas foothold

Posted by gasweek on 26 September, 2007

China, which had invested heavily in Bur­ma’s extensive resources such as natural gas, remained largely silent on the growing agitation, reported The Australian Financial Review (27/9/2007, p.14). India seeks oil deal: India, which was trying to gain a commercial foothold in Burma, has come under attack as it was a demo­cracy seeking to ignore sanctions already in place against the country. Its Resources Minister, Murli Deora, who travelled to Burma this week to sign an oil exploration deal and begin lobbying for the next deal, became a target for the protesters. This week’s protests came after the government doubled basic fuel prices with no warning, leading to a break­down in public transport services.

The Australian Financial Review, 27/9/2007, p. 14

Posted in Burma, China, Exploration, India, oil, Volume 2601 | Leave a Comment »

Rivals China and Japan in fight to build key infrastructure for WA minerals; open tender between proponents cancels govt-Midwest deal

Posted by gasweek on 26 September, 2007

Midwest was promoting a $3 billion Chinese-financed plan led by Aus­tralian company Yilgarn Infrastruc­ture to build open-access port and rail infrastructure in the mid-west region, touted as the next Pilbara region for Australian iron ore exports, wrote Andrew Burrell in The Australian Financial Review (27/9/2007, p.11). Read the rest of this entry »

Posted in China, Contracts, Infrastructure, Japan, Volume 2601, Western Australia | Leave a Comment »

Stricken US credit markets shut down; six year war in Iraq could cost US taxpayers $US1 – $US2 trillion

Posted by gasweek on 26 September, 2007

The Iraq war will cost US taxpayers dearly for some time to come while the cash reserves of high-growth Asia are rising. According to Glenda Korporaal, writing in The Sydney Morning Herald, (19/9/2007, p.48) China had emerged as a world capital exporter, a force that can be expected to becoming increasingly powerful as the country looks to spend its $US1.2 bil­lion in foreign exchange reserves and hold the lid on its appreciating currency. By the end of 2006, more than 5000 Chinese “investment entities” had estab­lished almost 10,000 companies abroad in 172 countries and regions offshore.

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Posted in China, Iraq, US, Volume 2520 | Leave a Comment »

Oil Search takeover speculation; CNPC Exploration considers a run

Posted by gasweek on 26 September, 2007

According to Rebecca LeMay, in The Canberra Times, (18/9/2007, p.13), Oil Search managing director Peter Botten said that in the past year a wide range of parties had shown considerable interest in taking part in the company’s PNG gas development. Oil Search shares have risen on unconfirmed takeover speculation.

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Posted in China, Volume 2520 | Leave a Comment »

PetroChina agrees to pay $US7 to $US9 per million British thermal units for Browse gas; China now willing to meet market LNG prices

Posted by gasweek on 26 September, 2007

According to Angela Macdonald-Smith, UBS assumes the Browse project is initially developed using a seven-million-tonne-a-­year onshore plant starting production in 2014, adding a second unit later to double capacity, reported The Sydney Morning Herald (7/9/2007, p. 36).

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Posted in Australia, China, LNG | Leave a Comment »

Shell deal: 1 million tonnes a year of LNG to China for 20 years; Western Australia’s Channar mine to expand, Yilgarn gears up

Posted by gasweek on 26 September, 2007

Chinese President Hu Jintao’s visit to Perth had turned up the heat on West Australian Premier Alan Carpenter to choose between major infrastructure proposals being pushed by the state’s two biggest export partners, China and Japan, reported The Australian Financial Review (5/9/2007, p. 10).

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Posted in China, LNG, Volume 2520 | Leave a Comment »

Aus Govt energy fear: China locking-up resources by long-term contracts, bypassing market

Posted by gasweek on 20 September, 2007

The Australian Government was concerned that the shortfalls in supply of oil and other energy resources may prompt countries like China to lock up access to supplies through long-term contracts, reported The Sydney Morning Herald (3/9/2007, p.2).

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Posted in Australia, China, Volume 2520 | Leave a Comment »

Woodside deal with PetroChina to supply 2-3mt LNG/yr from WA Browse project: $35-45bn revenues

Posted by gasweek on 20 September, 2007

A deal with PetroChina Co was for 2-3 million tonnes of LNG a year from the Browse project, off Western Australia, which Woodside operated, for 15 to 20 years, reported The Daily Telegraph (7/9/2007, p.83).

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Posted in China, LNG, Volume 2520, WA | Leave a Comment »

Shell to supply one million tonnes of LNG annually to PetroChina over a 20-year period from WA Gorgon project

Posted by gasweek on 19 September, 2007

Shell executed a binding heads of agreement for the supply of one million tonnes of LNG annually to PetroChina over a 20-year period, reported The Canberra Times (5/9/2007, p. 13). Read the rest of this entry »

Posted in China, Gas, LNG, Volume 2520, WA, Western Australia | Leave a Comment »

Taiwan President, Chen Shui-bian, not allowed to attend the APEC leaders’ meeting because of Chinese objections, sends head of ACER, instead

Posted by gasweek on 19 September, 2007

Taiwan was deeply unhappy that its President, Chen Shui-bian, has not been allowed to attend the APEC leaders’ meeting because of Chinese objections.

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Posted in China, LNG, Policy, Taiwan, Volume 2520 | Leave a Comment »

Los Angeles Times labels APEC a “festival of fakery” and anti-Kyoto grandstanding

Posted by gasweek on 18 September, 2007

John Howard may have talked up his Sydney Declaration but a leading US newspaper has attacked the APEC climate change plan as “vague” and “useless for anything but padding a fading prime minister’s environmental resume,” reported The Australian (10/9/2007, p.9).

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Posted in China, NSW, Policy, Public Opinion, US, Volume 2520 | Leave a Comment »

Gorgon partners, Chevron and ExxonMobil and Shell: 20-year contract term Shell to sell 1 million tonnes of LNG a year to PetroChina

Posted by gasweek on 18 September, 2007

Shell and PetroChina concluded a binding heads of agreement for the long­term supply of LNG “with the primary source being the Gorgon gas project”. Shell and PetroChina would work to conclude and execute a detailed LNG sale and purchase agree­ment before December next year, conditional on a final investment decision by Gorgon partners, Chevron (50 per cent), and Ex­xonMobil and Shell (25 per cent each), reported The Australian, (5/9/2007, p.29).

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Posted in China, CO2 dumps, Geosequestration, Greenhouse Trades, LNG, Volume 2520, Western Australia | Leave a Comment »

Accredited New Zealand journalist says she was escorted out of final APEC media session in Sydney because Chinese officials felt “uneasy”

Posted by gasweek on 18 September, 2007

An accredited New Zealand journalist says she was escorted out of the final APEC media session in Sydney because Chinese officials felt “uneasy” about her presence, reported The Canberra Times (11/9/2007, p.4).

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Posted in China, NSW, NZ, Policy, Taiwan, Volume 2520 | Leave a Comment »