Global: Woodside, Chevron May Delay Asia LNG Plants on Market Turmoil
Woodside Petroleum Ltd., Chevron Corp. and other liquefied natural gas producers may delay committing to new projects because of lower crude oil prices and the difficulty in raising finance, analysts said.
The most-expensive projects, such as Woodside's proposed Browse LNG and Chevron's Gorgon off northwest Australia may be worst affected, said Di Brookman, an oil and gas analyst at Citigroup Inc. in Sydney. Most projects not already sanctioned will probably ``slide in time,'' said Stuart Baker, an energy analyst at Morgan Stanley. Chevron's ventures in Australia are making ``good progress,'' a spokeswoman said.
India: 5000-Mw capacity lying idle due to gas shortage
Around 5,000 Mw of gas-based electricity generation capacity, built at a cost of about Rs 20,000 crore, is lying idle due to the shortage of gas in the country. The state electricity boards prefer incurring fixed cost — of as much as Rs 3,500 crore — on these plants over running them on naphtha.
Pakistan: Oil crisis may hit country next month
The diesel and petrol shortage may cause crisis which is most likely to hit the country next month, as liquidity crisis hit oil marketing companies (OMCs) have asked the government in latest communication that they would slash 50 percent diesel imports and import zero motor spirit, a senior government official told Pakistan Observer.
Pakistan: Massive Unscheduled Loadshedding Hurting Business & Industry
The power crisis in the country has now touched new heights as the power deficit has gone up from 3000 MW to about 4500 MW causing massive unscheduled loadshedding, which is badly hurting the business and industrial activities apart from creating problems for the general public and government should take urgent remedial measures to improve the situation, stated Muhammad Ijaz Abbasi, President, Islamabad Chamber of Commerce and Industry in a statement.
Pakistan: Production drop blamed for 12-hour load shedding
Load shedding has been increased by eight to 12 hours a day across the country due to a drop in the hydel and thermal power generation, which has resulted in the power shortfall of around 4,500 megawatts.
Sources in the PEPCO told Daily Times on Sunday the current spell of load shedding was due to the shortage of water in both major reservoirs of the country – Tarbela and Mangla dams.
Philippines: Recall of plant’s clearance sought
The new power plant is intended to address Panay island’s energy problem. As of the first half of this year, Panay has a dependable power capacity of less than 130 MW against a demand of up to 189 MW.
The shortfall is expected to worsen if any of the baseload plants in the Visayas is shut down for preventive maintenance since Panay is at the tailend of the Cebu-Negros-Panay power grid.
Saint Kitts and Nevis: Electricity Woes Might Plague Us for a While
Residents on St. Kitts are almost ready to breathe a sigh of relief that this year’s hurricane season has passed and left us unscathed but ironically we have been forced to purchase disaster supplies anyway. Instead of a storm of wind, rain and tidal surge we have been buffeted yet again by a storm of Labour Administration incompetence.
Uganda: Minister says load shedding worsening unemployment
The minister of Energy and Mineral Development Daudi Migereko has indicated that load shedding has worsened the problem of unemployment because many workers have been laid off in industries due to low activity.
To increase power supply, the government has now started the construction of Bujagali and Karuma Dams. Government is also encouraging the use of alternative sources of energy like solar energy and biofuels.
