Energy Sector

US could get clean energy upgrade by early summer

US could get clean energy upgrade by early summer Washington - Renewable energy in the United States could get a significant cash boost by early summer after President Barack Obama signed a massive
787-billion-dollar economic stimulus package this week, the administration said Thursday.

Energy Secretary Steven Chu said his department was doing its best to speed up the evaluation of new projects and expected about 70 per cent of the total energy funds to be used by the end of 2010.

OPEC oil price reaches new low for 2009

RIL to start gas supply from KG-D6 in April

RIL to start gas supply from KG-D6 in AprilReliance Industries is likely to start supply of natural gas from KG-D6 basin from April this year, helping the country to reduce its gas import bill and satisfying its energy needs. The gas obtained from RIL would be used for household needs and transport sector, supplying gas through pipelines first time in the country.

Union Petroleum Minister, Murli Deora said, "It has been decided to supply the first 40 million standard cubic meters per day of gas to meet the shortfall of exiting gas-based urea plants, LPG plants and power plants."

S.Africa to display technology for converting coal into gas and liquid

South African company `Sasol'New Delhi, Feb. 18 : During the upcoming International Engineering and Technology Fair (IETF) 2009, South African company `Sasol' will be showcasing technology to convert coal into gas and liquid forms.

This technology can be harnessed to meet India's energy requirement, said the country''s High Commissioner to India, Sehloho Francis Moloi.

Addressing a press conference organised by the Confederation of Indian Industry (CII) to announce the 18th edition of IETF 2009, Moloi further stated: "South Africa's partnership during IETF 2009 is aimed towards achieving bilateral trade target of 12 billion dollars by

OPEC oil price dips below 40 dollars

OPECVienna - The price for oil produced by the Organization of the Petroleum Exporting

Russia opens first LNG plant in Sakhalin

Moscow - Russia opened its first liquefied natural gas (LNG) plant Wednesday on the Pacific coast in a bid to reach new clients in Asia and the continental United States.

Russian President Dmitry Medvedev and Japanese Prime Minister Taro Aso attended the ribbon-cutting ceremony for the plant based on Russia's Sakhalin Island only about 160 kilometres from Japan's northern island of Hokkaido.

"It's a wonderful day, we have launched a large-scale project," Medvedev was quoted by Interfax as saying boisterously. "For us, especially, this is a new direction in our country's eastern policy."

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