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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
AIIB President Zou Jiayi giving an interview to reporters in Beijing on September 21. Photo: Xinhua
Banking & finance

AIIB plans to double financing. Can it fill Asia’s infrastructure gap?

The multilateral lender plans to channel more investment into projects spanning climate resilience, renewable energy and connectivity.

China exports

China’s gas turbine firms aim to challenge global giants. Is Malaysia the start?

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US, Israel war on Iran

Iran says only diplomacy can end Hormuz crisis after Trump rejects deal

US-China relations

Why US deal on Greenland may narrow China’s Arctic space

New security accord could make western Arctic states warier of working with China and draw Beijing closer to Moscow, Chinese observers say.

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Greenland sits atop some of the world’s largest undeveloped mineral deposits, including rare earth elements. Photo: Reuters
ESG investing

Hong Kong tycoon-backed firm challenges energy-storage giants with new battery

Co-founded by Peter Lee’s family office, EnerVenue has opened a facility in mainland China to scale its nickel-hydrogen batteries.

US, Israel war on Iran

Iran offers US plan to reopen Hormuz within 7 days

Foreign Minister Abbas Araghchi says the ball is now in Washington’s court, after setting out conditions for ending the war.

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Hong Kong society

HK Electric to cut fuel charge for first time in 4 months as CLP raises rate

Customers of HK Electric are set to pay less for electricity after it cut its fuel charge for the first time in four months.

HK Electric supplies customers on Hong Kong Island and Lamma. Photo: Sam Tsang
Indonesia

Indonesian coal deal fuels doubts over production quota approvals

The sale of a stake in Bayan came as the coal miner was facing a delay in getting approval for three subsidiaries’ production quotas.

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Ukraine war

Croatia clears extradition of Nord Stream blast suspect to Germany

German prosecutors have accused Ukrainian scuba diver of planting explosives on Baltic pipelines in 2022.

Italy

Italy greenlights return of nuclear power after decades-long ban

Parliament clears legal framework for next-generation reactors nearly 40 years after the Chernobyl disaster.

Italian Prime Minister Giorgia Meloni, whose government spearheaded legislation to reintroduce nuclear energy. Photo: LaPresse via AP
Thailand

Thailand’s solar scheme faces hurdles as low power users turned off by high cost

Even with a subsidy, the upfront installation cost still may not make up for future savings and income in poorer households.

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The sun sets on floating solar panels for the Sirindhorn Dam hydro-solar farm run by the Electricity Generating Authority of Thailand in Ubon Ratchathani in February 2022. Photo: AFP
China exports

China has scrapped two-thirds of its planned coal power plants abroad: report

The cutbacks have saved 6.4 billion tonnes of potential carbon emissions, though campaign’s momentum slowed last year, report finds.

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Ukraine war

Zelensky warns of painful winter for Russia if energy truce talks fail

The leader described Russia’s Putin as the ‘patient zero’ from whom the idea of war keeps spreading further.

US, Israel war on Iran

Indian sailor killed in attack on vessel in Hormuz: India and Oman authorities

A strike on the cargo ship Cape Dao led to a fire in the engine room, and 27 crew members had to be evacuated by the Omani navy.

Iranians walk next to an anti-US billboard carrying a sentence in Persian that reads “The devil army will be drowned in the Persian Gulf” in Tehran on Monday. Photo: EPA
China energy security

China launches ‘mineral exploration offensive’ amid growing global uncertainties

Beijing is scouring the nation for resources ranging from oil to rare earths, as it tries to shield its economy from rising geopolitical turbulence.

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China is doubling down on efforts to uncover new domestic reserves of coal, oil, natural gas, rare earths and other resources. Photo: Reuters
Ukraine war

Zelensky meets Trump, says Ukraine ready for energy truce with Russia

The US president announced such a truce last week, but Russia ‌hit petrol stations in Kyiv the next day and Ukraine bombed an oil refinery.

Greenland

Trump, Denmark and Greenland sign deal to resolve Arctic stand-off

Trilateral accord permits US ‘Golden Dome’ missile shield and new bases while backing island self-determination.

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Hong Kong economy

Hong Kong on way to securing green fuel supply to safeguard aviation hub status

Policy chief notes city to consider sustainable aviation fuel mandate, saying clear targets are needed to draw investment and build supply.

The city’s policy chief Stephen Wong says Hong Kong needs sustainable aviation fuel targets to attract investment, secure supplies and retain its aviation hub status. Photo: Elson Li
Indonesia

Indonesia to continue buying Russian oil despite ‘real risk’ of US penalties

Analysts say Jakarta made the ‘right decision’ for the country’s energy security but urge dialogue with Washington to maintain transparency.

Science

China starts on the world’s first supercritical CO2 and molten salt energy plant

Ruitan demonstration project in Shandong aims to reduce energy waste and stabilise grid electricity supply.

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2026 Xi-Trump summits

Top US Democrat warns Trump not to waver on Taiwan as Xi heads to Washington

Jeanne Shaheen also said new law allowing tariffs on buyers of Russian oil ‘sends Beijing a message’ before this week’s summit in Washington.

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US Senator Jeanne Shaheen says she hopes US President Donald Trump “will not say anything that indicates a lack of support for Taiwan” during his talks with Chinese President Xi Jinping. Photo: Scanpix via AP
South Korea

South Korea steps up to plug Europe’s jet fuel deficit

South Korea is the latest large source of jet fuel shipments to Europe, exporting 129,000 barrels per day, the highest since October 2022.

Planes are parked on the tarmac at Rome’s Fiumicino airport on June 6. European airlines are monitoring higher jet fuel costs and supply concerns linked to tensions in the Middle East. Photo: Reuters
Middle East

Houthis claim attacks on Saudi capital, after flames seen near Riyadh airport

The militants say they targeted ‘sensitive’ sites, along with an Aramco facility in the Red Sea city of Yanbu.

India

India’s Modi caught between Russian oil needs and US trade threats

Cutting Russian oil imports could avoid price rises ahead of key polls but keeping such purchases could cripple access to its largest market.

US, Israel war on Iran

Saudi oil pipeline closure puts Asia’s economic resilience to the test

Experts say the loss will hit Asian refiners first before feeding through to inflation, currencies and economic growth across the region.

A satellite image shows a closer view of the damage at the Saudi Arabia East-West pipeline, located across the Arabian Peninsula, after a strike that hit it on September 11. Photo: Vantor/Handout via Reuters
China energy security

China’s crude imports are rising again. What will that mean for oil prices?

China’s plunging oil imports prevented a bigger price spike after the Iran war broke out, but its crude purchases are now ticking up again.

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Drivers line up to refuel at a petrol station in Nanjing, Jiangsu province. Photo: EPA
China-Latin America relations

US trade chief pressed Brazil to review Anglo American nickel sale to China

Jamieson Greer asked Brasilia to curb ‘non-market’ buyers of critical minerals in exchange for relief from Trump’s tariffs.

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Banking & finance

Fed rate hike risks worsening China’s economic divide

The first US interest rate increase in more than three years is unlikely to damp China’s surging tech exports while potentially worsening a squeeze on other manufacturers.

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