China is grappling with large-scale power shortages that since September have affected Heilongjiang, Jiangsu and eight other provinces.
Caixin

China raises cap on electricity prices to tackle power shortage

State Council says it will prioritize winter coal and natural gas supplies

11 October 2021
China had restricted coal production by half capacity to meet environmental targets but now faces a power shortage.
Economy

China boosts coal output, taps Australian imports in power crisis

Beijing scrambles to counter energy crunch that endangers industrial production

9 October 2021
Officials with strong ties to METI occupy key government and party posts under Prime Minister Fumio Kishida. (Photo by Nozomu Ogawa)
Politics

Japan tilts toward nuclear energy with METI back in driver's seat

Ex-economy ministry officials pervade top ranks of Kishida administration

8 October 2021
Saudi Aramco's Ras Tanura oil refinery and terminal. The state-owned company plans to increase output capacity by 1 million barrels a day by 2027 despite the global decarbonization movement.
Markets

Aramco closes in on Apple, Microsoft as pricey oil lifts valuation

Saudi oil major climbs back to crown prince's target of $2tn

8 October 2021
A JRE wind farm in Sakata, Yamagata prefecture: JRE is already developing offshore wind farms off Japan. (Source photo by AP and Ken Kobayashi)
Energy

Japan oil giant ENEOS to buy renewables startup for $1.7bn

JRE acquisition marks industry's shift to decarbonization amid climate threat

7 October 2021
A tanker operated by Tokyo Gas: the Japanese company and First Gen are developing an LNG terminal in the Philippines. (Photo courtesy of Tokyo Gas)
Energy

Philippine utilities tap Japanese partners to shrink carbon footprints

Aboitiz Power and First Gen eye alternatives beyond coal and domestic natural gas

7 October 2021
Hitachi will adopt high-voltage direct current equipment to develop the cross-border grid connecting Egypt with Saudi Arabia.
Energy

Hitachi-ABB wins $900m order for Egypt-Saudi power link

Countries will exchange excess renewable energy via 1,350 km cable

6 October 2021
Koichi Hagiuda, Japan's new minister for economy, trade and industry, touched on the importance of nuclear power and Japanese chip production. (Photo by Tomohiro Ebuchi)
Energy

Nuclear power crucial to Japan's net-zero goal: industry minister

Hagiuda plans to seek funding to invite TSMC chip plant

6 October 2021
An LNG tanker sails of Singapore. The price of the fuel on the Asian spot market, which serves as the global benchmark, is at record levels. 
Energy

China's hunger for LNG drives prices higher as it cuts carbon use

Concerns about winter shortages grow as Europe scrambles for supplies

6 October 2021
Cafe Amazon, originally the brand for coffee shops inside PTT gas stations, has grown to over 3,700 locations worldwide. (Photo courtesy of PTT Oil and Retail Business)
Food & Beverage

Thailand's PTTOR to triple coffee shops overseas to 1,000

Company forecasts $1bn revenue stream from Cafe Amazon by 2025

6 October 2021
Indonesia is aiming to wean itself off coal and sees solar energy as part of the solution.
Energy

Solar gets a boost in Indonesia's new $35bn renewable power plan

State utility PLN aims to phase out coal from 2028 over several decades

5 October 2021
A worker repairs power lines on a pole in Kochi, India. Soaring coal prices caused Indian imports to drop more than 30% in August and September from the average in July.
Energy

India nears widespread power crunch on coal shortage

Rising prices of fossil fuel leave most plants with only 3-day stockpile

5 October 2021
An inspector for Kansai Transmission and Distribution scans a utility pole for wear and tear. The collected data is used to forecast when the poles should be refurbished.
Technology

Japan's ubiquitous utility poles find new role as AI beacons

From self-driving support to data gatherers, structures seen as new revenue source

3 October 2021
Mitsui & Co. will utilize its waste gas field in Western Australia to produce environmentally friendly "blue ammonia." (Photo courtesy of Mitsui & Co)
Climate Change

Mitsui to build $900m 'blue ammonia' plant in Australia

Trading house expects to export 1m tons of the clean-burning fuel to Japan

1 October 2021
Most of China's listed thermal power companies have seen earnings deteriorate under higher coal prices.
Energy

Chinese provinces greenlight bigger power bills for factories

Higher production costs expected as electricity crunch continues

1 October 2021
Cambodia's shift toward coal power puts it at odds with the global embrace of renewables. (Source photos by AP) 
Business Spotlight

Cambodia counts the cost of its push to expand coal-fired power

Soaring coal prices and opposition from foreign business stoke doubts over plan

1 October 2021
Cambodia's first oil field. The government says $21 million worth of crude pumped from the concession was stolen by a tanker crew. (Screenshot from KrisEnergy's YouTube channel)
Commodities

Cambodia charges tanker crew with 'theft' of crude oil

Government demands extradition from Indonesia where ship has been seized

30 September 2021
China's power cuts are the result of several factors, from surging commodity prices and recovery from COVID-19 to Beijing's green initiatives. (Nikkei montage/AP/Reuters)
Economy

China's energy crunch: Five things to know

Curbs on electricity use add pressure on supply chains and the economy

30 September 2021
Fumio Kishida, a former foreign minister, bows after he won the race to lead Japan's ruling Liberal Democratic Party on Wednesday. (Photo by Uichiro Kasai)
Japan election

Who is Fumio Kishida, Japan's next prime minister?

Experts see Hiroshima native maintaining 'status quo' on economic and foreign policy

29 September 2021
A scene from the New York Stock Exchange on Sept. 28: Traders grapple with the prospect of prolonged, energy-driven inflation.
Commodities

Oil and coal prices surge, rattling U.S. stock market

Investors dump equities as inflation anxiety intensifies

29 September 2021
Power lines in Beijing: Planned power outages are believed to affect 10,000 residents in the capital.
Economy

Beijing and Shanghai face blackouts in deepening power crunch

Rolling outages come as factories suspend work and water supply unstable

29 September 2021
This handout photo by Indonesia's navy shows the Bahamian-flagged Strovolos (right) berthed at a port in Riau.
Energy

Indonesia accused over oil tanker carrying 'stolen' Cambodian oil

Manager and owner claim ship's crew interrogated as part of coercion campaign

28 September 2021
As demand for LNG power grows in the Philippines, JERA plans to share its LNG procurement know-how with Aboitiz. (Source photos by Reuters and AP)
Energy

Japan's JERA to invest $1.58bn in Philippine utility Aboitiz

Japanese power generator targets growing electricity demand abroad

27 September 2021
Tokio Marine will be the first Japanese insurer to back out of the coal mining business. (Source photos by Yuki Nakao and Kei Higuchi)
Climate Change

Tokio Marine to back out of thermal coal mining projects

First move by Japanese insurer sets trend, as the fuel falls out of favor

27 September 2021
CNOOC plans to list on the Shanghai Stock Exchange amid U.S. sanctions.
Companies

CNOOC plans Shanghai share sale amid U.S. sanctions

Target to raise $5.4 billion follows high oil price and profit surge

27 September 2021