Energy Update

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News has arrived from Denver (the company) and the UK (the project and partners) that SynTech Bioenergy will build what it terms “a revolutionary clean-energy plant in the United Kingdom capable of carbon negative operation.”

OSLO, Dec 19 (Reuters) - NorthConnect, owned by three
Norwegian power firms and Sweden's Vattenfall, will
seek permission to build a power link from Norway to Britain
costing up to 2 billion euros ($2.09 billion), its chairman Odd
Oeygarden told Reuters.

TOKYO, Dec 19 (Reuters) - Japan anti-monopoly regulator said
on Monday it had approved plans by Idemitsu Kosan Co to
take a stake of just under a third in rival refiner Showa Shell
Sekiyu KK for about 170 billion yen ($1.5 billion).

SINGAPORE, Dec 19 (Reuters) - OPEC's efforts to hold market
share in Asia by keeping its customers, which take about
two-thirds of its exports, supplied amid wider output cuts could
prolong the global fuel glut and frustrate its attempt to
bolster prices.

TOKYO, Dec 19 (Reuters) - Japan's Fair Trade Commission said
on Monday it had approved plans by Idemitsu Kosan Co to
take a stake of just under a third in rival refiner Showa Shell
Sekiyu KK.

* Purchase of stake from RDS delayed, awaiting FTC ruling

(Adds background on merger plans)

JAKARTA, Dec 19 (Reuters) - Indonesia's government is
drafting a regulation that could ease a looming export ban for
not only copper concentrates, but also partly processed or raw
nickel and bauxite, the Jakarta Post reported, citing a draft
regulation.

TOKYO, Dec 19 (Reuters) - Japan's Fair Trade Commission said
it would hold a news conference at 4 p.m. (0700 GMT) on Monday
regarding its decision on whether to approve Idemitsu Kosan Co's
planned takeover of rival refiner Showa Shell.

* OPEC, other producers have announced cuts of almost 1.8
mln bpd

LONDON, Dec 16 (Reuters) - U.S. refiners are likely to see
stronger demand for middle distillates such as heating oil and
diesel in 2017 after two years of declining domestic
consumption.

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