A new study released by the World Energy Council says lower oil prices and weakened Asian demand has resulted in the virtual disappearance of the price spread between the Japanese LNG and UK markets in 2016. Additionally, it notes that US prices remain depressed due to the continued build-up of domestic supplies.
As part of Prime Minister Narendra Modi’s drive to attract greater foreign participation in upgrading and expanding the country’s stretched infrastructure, India has invited investments from the United Arab Emirates in a group of oil projects.
West Energy Solution will start to sell on February 12th a solar power generation system on Yafuoku!, Japan’s largest Internet auction site run by Yahoo Japan Corporation.