Energy

The Atamanskaya compressor station for Power of Siberia, the only currently operational gas pipeline between Russia and China.
Energy

China turns to Russian gas to curb dependence on Quad members

Beijing and Moscow eye pipeline capacity equal to half European demand

12 March 2022
Norway's Equinor is known for its expertise in floating offshore wind farms, which the company sees helping with projects in Japan. (Photo courtesy of Equinor)
Energy

European wind power companies sweep into growing Asia market

Increased competition seen slashing prices for greener energy

11 March 2022
The Swire group's flag is seen with the Chinese flag. Swire aims to focus on growth opportunities in greater China.
Business deals

Hong Kong's Swire unloads marine services unit for $190m

With sale of money-losing business, group focuses on growth areas like real estate

11 March 2022
Crude oil storage tanks are seen at the Cushing oil hub in in the U.S. state of Oklahoma.
Interview

U.S. will not ask Japan to limit Russian oil imports: State Dept adviser

Putin's invasion of Ukraine will 'change the entire landscape of energy'

10 March 2022
Sempra Infrastructure hopes to increase annual production at its Cameron LNG plant in Louisiana by nearly 7 million tons and to export more to Asia and Europe, which is trying to cut its dependence on Russian gas.
Energy

U.S. energy giant to boost LNG output as countries cut out Russia

Sempra plant, backed by Mitsui, to up production by 60% and export more to Europe

10 March 2022
Building of the Long Phu 1 thermal power plant has been delayed in Vietnam's Mekong Delta because of U.S. sanctions against a Russian contractor. (Photo courtesy of PetroVietnam's PTSC)
Ukraine war

SWIFT sanctions add twist to Vietnam-Russia coal plant dispute

Hanoi refrains from condemning Ukraine invasion by its old Soviet partner

10 March 2022
An oil treatment plant in Russia's Irkutsk region. Around 3% of U.S. crude imports came from Russia last year, compared with 30% for the European Union.
Ukraine war

U.S. leads Western ban on Russian oil

Lower imports put America in better spot to absorb impact than European partners

9 March 2022
The Karachi plant's new reactor has a capacity to produce 1,100 megawatts of power. (Photo courtesy of China National Nuclear Corp.)
Energy

China's 4th homegrown reactor goes online in Pakistan

Karachi unit is second overseas built on Hualong One technology

8 March 2022
Brent was quoted $12.73 higher at $130.84, while U.S. crude rose $9.92 to $125.60.
Markets

Brent crude hits $130 a barrel; Nikkei plunges

U.S., Europe ban on Russian products and delayed Iran nuclear talks spark fears

7 March 2022
Oil prices are higher than they have been since 2008, causing governments to balance budgetary concerns against the need to keep people -- and economies -- moving. (Source photos by Reuters and Getty Images) 
Market Spotlight

In Asia, oil price surge stokes government fear of angry voters

Unaffordable or unavoidable? Helping drivers buy fuel is becoming both

7 March 2022
AGL's earnings have been hammered in recent years by an influx of cheap solar and wind power.
Energy

Australia's AGL Energy shuns 2nd bid from Brookfield-led consortium

Revised deal was valued at $4bn but the company deems it as 'materially the same'

7 March 2022
JinkoSolar panels cover the roof of a building in China's Hainan Province. The company estimates it shipped 20 gigawatts worth of solar cells in 2021. (Photo courtesy of JinkoSolar)
Interview

JinkoSolar sheds light on Japan ambitions riding on latest panels

Chinese solar cell maker eyes doubling global shipments in 2022, executive says

7 March 2022
An LNG ship arrives at a port in Sodeshicho, Shizuoka. Japan has been investing for years in Russia's Sakhalin oil and gas projects to reduce its dependence on Middle East energy.  
Ukraine war

Japan exit from Sakhalin LNG would let China swoop in: ex-minister

LDP's Seko says Tokyo must be pragmatic on Russia sanctions regarding energy

6 March 2022
Diminished production at Vietnam's Nghi Son oil refinery has caused a gasoline shortage throughout the country. (Photo courtesy of Idemitsu Kosan)
Energy

Vietnam refinery fails to tap oil boom over boardroom discord

Nghi Son facility hopes to recover from output cut at worst time

5 March 2022
An LNG carrier at port in Chiba Prefecture, Japan.
Ukraine war

Japanese utilities hunt for alternative LNG sources beyond Russia

Sanctions affect country that provides 8% of Japan's imports

4 March 2022
Traffic lights stop functioning during a blackout in Kaohsiung, Taiwan, on March 3. (Photo by Lauly Li)
Energy

Taiwan hit by widespread power outages

Two biggest cities and iPhone processor production hub affected

3 March 2022
Oil and Wheat prices are surging as the crisis in Ukraine deepens. (Source photo by Reuters)
Ukraine war

Oil prices surge on Ukraine war as Exxon plans Russia exit

Wheat prices hit 10-year high as conflict threatens global supply

2 March 2022
Shell is withdrawing from the Sakhalin-2 liquefied natural gas plant in Russia.
Energy

Japan-backed Sakhalin-2 LNG project rocked by Shell exit

Mitsui and Mitsubishi also invested in joint venture with Russia's Gazprom

1 March 2022
Japan has already agreed to send hundreds of thousands of tons of LNG to Europe.
Ukraine war

EU seeks extra LNG from Japan, hedging against Russia cutoff

Emergency supplies to come on top of March commitments amid Ukraine conflict

26 February 2022
Russia's invasion of Ukraine could have serious consequences for companies and consumers across Asia. (Source photos by Reuters)
Ukraine war

How Russia's Ukraine attack affects Asian business: 5 things to know

From energy to airlines to IT, companies feel impact amid COVID recovery

25 February 2022
Workers are seen at the construction site of the Nord Stream 2 gas pipeline in Russia in 2019.
Ukraine war

Russia vows to keep pumping gas as Germany suspends Nord Stream 2

Moscow says Berlin's decision on pipeline will boost prices across Europe

23 February 2022
Liquefied natural gas storage tanks and a tanker at a Tokyo Electric Power power plant in Futtsu, near Tokyo.
Energy

U.S. LNG capacity to jump 20% as Europe shifts away from Russia

Country set to become top exporter of the fuel this year

19 February 2022
The University of Tokyo is using photocatalytic panels, like those at its research facility in Ishioka city, to create hydrogen out of water through the power of sunlight.
Climate Change

Japan to kick-start artificial photosynthesis R&D

Massive demonstration to produce green hydrogen set for 2030

18 February 2022
Asian companies will lose out if they don’t lead on ESG, says Olivier Blum, chief sustainability and strategy officer at Schneider Electric. (Source photos by AP and courtesy of company)
Interview

France's Schneider group upbeat on Asia's decarbonization push

Exec says supply chain woes no excuse for delay on sustainability targets

14 February 2022
Tanks and tankers: Ukraine's military conducts exercises, top, and LNG is loaded on a ship in Qatar. (Source photos by AP and Ukrainian Armed Forces Press Service/Reuters) 
Market Spotlight

Qatar's Asian gas contracts hamper Ukraine planning

U.S. pursues alternative LNG supplies for Europe if Russian cuts flow

14 February 2022