Energy Update
LAUNCESTON, Australia, June 21 (Reuters) - India's coal
imports are in a declining trend, but the energy value is
dropping at a far slower pace than the physical volumes as the
South Asian nation switches to higher quality fuel.
JAKARTA, June 21 (Reuters) - An Indonesian parliamentary
committee on Tuesday approved the government's 2016 economic
growth target at 5.2 percent, slightly lower than the initial
5.3 percent.
The budgetary committee also approved other assumptions
which the revision to the 2016 state budget would be based on,
including a lower average price for Indonesian crude oil and a
stronger exchange rate.
(Tue, 21 Jun 2016) The U.S. Environmental Protection Agency's (EPA) Clean Power Plan (CPP) regulates carbon dioxide (CO2) emissions at existing fossil-fueled electric power plants, but the ultimate energy-related emissions effect depends to an important extent on how the rule will be implemented by states.
MELBOURNE, June 21 (Reuters) - Top global miner BHP Billiton
outlined plans to boost coal output by 8 percent
over the next three years while slashing costs, and said it
would only consider premium, lowest-cost assets for any
acquisitions.
LONDON, June 21 (Reuters) - The world's private equity
funds, with a cash pile of around $1 trillion, are stepping up
their interest in the oil and gas industry, with almost a half
expecting to buy assets in the sector over the next year, a
survey showed on Tuesday.
SYDNEY, June 21 (Reuters) - Australian exports of liquefied
natural gas are likely to grow strongly over the new few years
despite subdued prices for the energy given the massive amount
of money already sunk into projects, a top central bank official
said on Tuesday.
GEORGETOWN, Del., June 20 (Reuters) - Williams Cos Inc
and Energy Transfer Equity LP sparred in court
on Monday over a tax dispute that threatens to scuttle their $20
billion merger just one week before Williams shareholders vote
on the deal to create one of the world's largest pipeline
companies.
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