financial crisis

December 22 2008

Australia: Alarm over supply shortage

A MASSIVE fuel shortage in Bundaberg at the weekend sparked “panic” buying as many customers filled any container that could hold unleaded or diesel before the Christmas holiday period.

Yesterday afternoon about 2pm, the Caltex on Bourbong Street had run out of unleaded, along with Mobil on Bundaberg-Gin Gin Road and Shell at Sugarland Shoppingtown.

The Woolworths Service Station on Barolin Street was closed and so was United Service Station on FE Walker Street.

India: India's Textile Industry Unravels

Meanwhile, the industry's woes have been compounded by India's chronic infrastructure problems. Tamil Nadu state, home to a quarter of the country's textile production, last month capped power usage at 50% of normal levels to deal with a severe energy shortage. Textile businesses such as spinning mills need to operate around the clock to remain profitable, factory owners say.

"The textile industry is really being hit on all sides," says K.A. Srinivasan, chairman of the South India Mills Association. He warns that "the full effect is still to be seen."

Indonesia: Gas Shortage Pushes Prices Higher

Retail vendors in Jakarta were in short supply of Liquified Petroleum Gas for household consumers as shortage widens to reach the capital city. Shortage in various part of the country were reported months before the problem emerged in Jakarta.

Sueb a 32-year old gas distributor in Tanah Abang Central Jakarta told Tempo on Monday he had closed his store for two days ?we have placed orders but, supply was not available.? Sueb normally distributes up to 50 canisters of gas of 12 kg size and up to 100 canisters of gas of 3 kg size.

Indonesia: Mimika regent to fix power, waste management crisis

Recently sworn-in Mimika Regent Klemen Tinal pledged to address power and waste management crises in the regency within the first 100 days of his 5-year tenure.

One of the most pressing issues is the rolling power outages imposed by the Timika sub-branch of the state power company PT PLN.

Jamaica: E10 supply hits snag

The Jamaica Gasolene Retailers Association (JGRA) is calling on the Government and Petrojam to do whatever is necessary to rectify the current shortage of the recently launched E10 gasolene.

A release from the JGRA secretariat yesterday stated that the Petrojam Refinery has been finding it difficult to cope with the rising demands for the product. This, it said, has resulted in late deliveries and stock
out for retailers.

Kenya: Now dealers warn of increase in fuel cost

Kenyans should brace themselves for an increase in the price of fuel if the acute shortage being experienced in Nairobi and other towns persists, petroleum dealers warned on Monday.

A spot check revealed most Nairobi outlets had run out of stock and motorists queued at Oilcom petrol station on Thika Road for fuel.

Kenya: Power firm set to reduce blackouts

The Kenya Power and Lighting Company will soon reduce frequent power shortages in western Kenya, the firm’s managing director has said.

Mr Joseph Njoroge said interruptions were caused by breakdowns and voltage instability adding that the company has set aside resources to end this problem.

“Under the Energy Sector Recovery Project, we have committed over Sh200 million for construction of new sub-stations in Butere, Cherangani and Sondu towns,” said Mr Njoroge.

Mexico: Pemex's November Oil Production Drops 6.5% on Decline at Cantarell Field

Petroleos Mexicanos, the state-owned oil company, said crude oil output fell 6.5 percent in November from the year-earlier period as production at its Cantarell field declined at a faster-than-expected rate.

Production dropped to 2.711 million barrels a day, from 2.901 million barrels a day a year earlier, the company known as Pemex said today on its Web site. In an e-mail, Pemex cited Cantarell, its largest field, as the reason for the drop. The Energy Ministry will release data on Cantarell later today.

Pakistan: Economic collapse near if lawlessness, load shedding continue: SCCI

President Sarhad Chamber of Commerce and Industry (SCCI), Sharafat Ali Mubarik has warned of economic collapse in the province if problems including lawlessness and energy load shedding were not tackled on priority basis.

Pakistan: KESC admits it lacks funds for furnace oil

Karachi Electric Supply Company (KESC) is going through a major financial crisis, as no funds are available to purchase furnace oil for the power plant, said KESC Chief Executive Officer Naveed Ismail.

Addressing a press conference at a local hotel, Ismail said that due to the lack of fuel, the utility is compelled to close three Bin Qasim Thermal Power Stations (BQTPS) power generation units.

He said that other factors were also responsible for load shedding and one key factor was the shortage of gas supply that is used as fuel for power generation and presently, one-third of the required amount of gas is obtained from the gas company. Since the utility uses gas for 90 percent of its total power generation, the short supply of gas has halted the entire process leading to unannounced load shedding, regretted Ismail.

Uganda: Strategies for ensuring effective energy resource management

Given the financial crisis in the world’s leading economies, it is important that small economies such as ours immediately find sustainable solutions to the energy and food problems we currently face by optimally utilising our own resources. The subject of natural resources management and utilisation includes forestry, water, wildlife, energy, minerals and the environment.

First, I wish to bring out the key drivers in the energy sector which have a strong impact on food security of this country. They are i) The shortfall in energy production; ii) The high energy prices; and iii) The competitive mode of production and the new energy industries in the country (Hydro carbons and Biofuels).

United Kingdom: National Grid chief Steve Holliday: blackouts will be common in 7 Years

Britain could face regular blackouts within seven years if the Government does not intervene in the energy market to ensure that more power stations are built, the head of National Grid says today.

In an interview with The Times, Steve Holliday, chief executive of the company that operates the power and gas transmission network, said that Britain was facing an acute shortage of generating capacity because a string of ageing nuclear and coal-fired plants were due to be retired from service.

December 18 2008

Australia: Caltex reports fuel supply shortages in Queensland, News South Wales

Australian fuel supplier Caltex has reported that some of its service stations in areas of southeast Queensland and northern New South Wales are currently experiencing reduced petrol and diesel supply availability. Service stations in central and northern Queensland have not been affected.

Caltex has said that the shortages will impact diesel, unleaded petrol, premium unleaded petrol 95, premium unleaded petrol 98 and E10 in the coming days. The tight supply availability is due to the unscheduled shutdown of Caltex's Lytton refinery for a day following a loss of steam to the refinery.

Benin: L’eau, l’ électricité et les fêtes

Last year, load shedding has withstood the promises made rashly without conviction at the end of the year. In many places the birth of Christ was celebrated in darkness and Eve bereaved by the lack of light. What steps are taken to prevent the nation from further suffering in times of celebration? The rush of last-minute gestures and inappropriate loss does not detract from the failure of water policy and energy. Any celebration of New Year's Day without water and electricity will be neither more nor less than a curse. The Nation can not communicate with their leaders in darkness produced by negligence.

Bolivia: Ex ministro Lema: Escasez de gasolina refleja grave crisis económica

The former minister of Sustainable Development, Lema Luis Molina, said to be very concerned about the economic crisis affecting the country despite the efforts of the government to minimize its effects for the pre-election process in the country.

Lema Molina said the current shortage of gasoline at the pumps of Tarija is just a small sample of the problems caused by wrong government policies of which shows the Government of Evo Morales, particularly in the fields of hydrocarbons.

Bolivia: El Gobierno admite la falta de gasolina

The Government announced yesterday that the supply of fuel will be normalized next January, in wake of the wave of complaints of shortages of gasoline and diesel in the departments of Santa Cruz and La Paz.

Kyrgyzstan: Kyrgyzstan to Keep Power Consumption Limits Until February - PM

Kyrgyz Prime Minister Igor Chudinov has said that the country's electricity consumption limits will remain in place until February 2009.

However, "we will be able to restore sustainable consumption in the winter and spring periods," Chudinov told a joint session of three parliamentary factions on Wednesday.

Nepal: Nepal faces severe power cuts

Nepal's government announced Thursday that consumers would face 10 hours per day of power cuts after declaring the country's utilities in crisis.

Nepal produces only about half its electricity needs, in part because of unusually low levels this year in reservoirs that feed the country's hydroelectrical plants. The amount of power that Nepal imports from neighboring India is not enough to make up the shortfall.

Nepal: Ten hours a day of load shedding from today

In what is certain to cripple normal life and industrial activities, the Nepal Electricity Authority (NEA) has announced a fresh calendar of load shedding deciding to cut power by ten hours everyday.

From the 45 hours a week load shedding, there will be 63 hours of load shedding every week – ten hours a day for six days and three hours a day for one day in a week.

Pakistan: Countrywide power outages continue

People have to suffer as the unannounced and prolonged load-shedding is continued in all major and small cities of the country despite the winter season in which power consumption declines substantially.

Hyderabad Electric and Supply Company (HESCO) announced six hours power outages in a day even then Mirpurkhas and adjoining areas witness over 12 hours load-shedding in a day.

Pakistan: 5-hour loadshedding till January - Minister

Earlier addressing the press conference at Wapda House after a meeting, Ashraf said that due to shortfall of around 2,500 megawatt power the loadshedding will be carried out up to 5 hours till the month of Jan.

Yemen: Electrical blackouts create large financial losses

Because of the increasing demand for electricity compared to limited supply, electricity blackouts have increased around the country. The blackouts are used to balance electricity distribution, especially in crowded towns and during peak hours in the evening.

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