Analysis: Russian-Ukrainian gas dispute
Washington Dec 26, 2008
The winter brings with it the annual sights and sounds of the holiday season -- Christmas trees, parents searching for the "must have" gift for their children, and Kiev and Moscow squabbling over Ukraine's natural gas arrears to Russia. In one of Europe's most enduring energy sagas, according to Russian natural gas state monopoly Gazprom spokesman Sergei Kupriyanov, Ukraine has announced that it ... read more
China to offer incentives to scrap old cars: state media
Beijing (AFP) Dec 27, 2008
China plans to offer incentives for car owners to scrap their old models in favour of new ones, in a bid to lift the auto industry as it enters a period of crisis, state media said Saturday. The measure is part of a new package being prepared in Beijing aimed at avoiding a US-style collapse of the local auto sector, the Xinhua news agency reported. "Details of the plan will be announced ... more
Green energy thwarted by winter
New York (UPI) Dec 26, 2008
Winter's bitter cold can stall wind turbine blades, congeal biodiesel and render solar panels useless, say U.S. power developers. As renewable energy assumes a larger role in the U.S. power grid, green energy advocates find they must plan carefully for obstacles presented by ice and snow, The New York Times reported Friday. Ralph Brokaw, a Wyoming cattle rancher who has 69 wind ... more
SKorean bank turns down new loan to Ssangyong Motor
Seoul (AFP) Dec 26, 2008
The Korea Development Bank (KDB) said Friday it would not provide Ssangyong Motor Co. with new loans unless its Chinese parent company helps the ailing automaker first. The state-run KDB, Ssangyong's main creditor, said Shanghai Automotive Industry Corp. should extend 320 billion won (250 million dollars) of emergency funding to Ssangyong before it will consider providing new loans. ... more
Toyota recalls 122,000 cars in China over steering defects: govt
Beijing (AFP) Dec 26, 2008
Japanese carmaker Toyota Friday began a recall of nearly 122,000 cars in China due to defects that could lead to steering failure, the Chinese government and the automaker said. The recall covers Crown, Reiz and Lexus models, said a statement posted on the website of the General Administration of Quality Supervision, Inspection and Quarantine. The company would contact car owners to have ... more
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trains:
Japan to go ahead with maglev train despite crisis: company
economy:
Chinese state firms told to ease on job cuts in 2009: report
gas:
Analysis: Nigeria creates delta ministry
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China plans to avert US-style auto crisis: report
Shanghai (AFP) Dec 25, 2008
China's top economic planning agency is drafting a stimulus package to save the automotive sector from a US-style crisis, state media reported Thursday.
The National Development and Reform Commission is to send rescue plans to the cabinet by the end of the week, and if approved they are expected to be implemented in January, the Shanghai Securities News said, citing sources.
Measures wil ... more
China starts filling tanks at largest oil reserve: report
Beijing (AFP) Dec 25, 2008
China has started filling tanks at its largest oil reserve, taking advantage of tumbling world crude prices, state media reported Thursday.
The facility's 10 tanks, which have a total capacity of 6.3 million barrels, are operated by China National Petroleum Corp., the nation's top oil producer, and are located in the northwest Xinjiang region, the Xinhua news agency said.
This is just th ... more
Analysis: Brazil oil bidding tepid
Miami (UPI) Dec 24, 2008
Brazil earned nearly $40 million from the first round of bidding for oil and gas exploration rights, with state-run Petrobras picking up 27 lots, a lackluster opening round of bids sum attributed to concerns about the global economic slowdown and falling oil prices.
The tenth round of annual bidding for blocs saw bids from only two large oil companies: Brazil's Petrobras and Royal Dutc ... more
US sees progress in easing trade disputes with China
Washington (AFP) Dec 24, 2008
The United States said it expected to make significant progress in resolving trade disputes with China in 2009 even as the Asian giant imposed new restrictions on market access and foreign investments.
The cautious optimism appeared in US Trade Representative Susan Schwab's 2008 report to Congress Tuesday on China's compliance with commitments it made since it joined the World Trade Organiza ... more
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energy-news:
Electrabel says will challenge windfall tax
gas:
Analysis: Tajikistan expands gas industry
trade:
China protests US import duties at WTO: report
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