Energy Update
TOKYO, Dec 16 (Reuters) - Japan's trade ministry panel on
Friday agreed to set up a baseload power market to ensure equal
access to cheap power supplies for new power retail companies as
part of reforms to foster competition in the market.
Dec 16 (Reuters) - EDF Energy on Friday became
Britain's first big energy supplier to announce household winter
gas price cuts, breaking ranks with three rivals who have opted
to freeze prices instead.
TOKYO, Dec 16 (Reuters) - Novatek, Russia's second
biggest gas producer, said on Friday it had signed agreements
with Japan's Mitsui & Co, Mitsubishi Corp and
Marubeni Corp to cooperate in liquefied natural gas and
other energy sectors.
BEIJING, Dec 16 (Reuters) - Mixed-ownership reform is where
China's state-owned enterprises (SOE) can make breakthroughs on
reforms, a top level economic work conference said, as reported
by the official Xinhua news agency on Friday.
BEIJING/SINGAPORE, Dec 16 (Reuters) - Beijing will not issue
fuel export quotas for independent refineries next year, dealing
a blow to the upstart group of companies and scrapping a key
component of a scheme that has transformed China's oil markets,
three sources said.
ISTANBUL, Dec 16 (Reuters) - Turkey has formally arrested an
executive of Dogan Holding, a conglomerate with major
media interests, in a widening probe into a U.S.-based cleric
Ankara accuses of masterminding July's attempted coup.
SHANGHAI, Dec 16 (Reuters) - At least 46 Chinese firms
shelved debt issuance plans totaling over 50 billion yuan ($7.20
billion) this month as a rout in the country's bond market
deepened, Reuters calculations showed.
SINGAPORE/BEIJING, Dec 16 (Reuters) - Iraq is selling more
crude oil to its biggest customer, China's Unipec, people
familiar with the matter say, digging a deeper foothold in the
global supply market just before production cuts agreed with
OPEC and other producers are scheduled to kick in.
JAKARTA, Dec 16 (Reuters) - Chappy Hakim, a retired air
force chief who says he knows next to nothing about mining, now
heads Indonesia's biggest copper producer, entrusted to use his
connections to guide it through regulatory uncertainty to a
renewed contract for its mine.
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