`Dawn’ of Asia’s Offshore Wind Boom Lures Japanese Trading Houses

By Chisaki Watanabe and Ichiro Suzuki (Bloomberg) -- Untapped offshore wind is luring Japan’s biggest commodity houses to invest in projects in Taiwan and at home, buoyed by favorable government policies that support development of the clean power. Mitsui & Co. this month bought a stake in the Taiwanese wind developer Yushan Energy Co. that gives the Tokyo-based company … [Read more...]

Taiwan Emerging as Battleground to Expand Offshore Wind in Asia

By Stine Jacobsen COPENHAGEN, April 30 (Reuters) - Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe. Taiwan announced results on Monday of its first major offshore wind farm auction that aims to add 3.8 gigawatts (GW) of capacity to its existing … [Read more...]

Opinion: Zombie Companies (Like DSME) Threaten to Eat Asia’s Future

By Michael Schuman (Bloomberg View) -- Any horror aficionado knows that the only good zombie is a dead zombie. Don’t risk trying to bring one back to life. It'll just come back to bite you. Apparently, policymakers haven’t watched enough B-movies. Worried about layoffs and soured loans, governments and banks across Asia continue to dole out cheap financing and other … [Read more...]

Biggest LNG Buyers Seek Alliance to Boost Bargaining Power

By Tsuyoshi Inajima and Emi Urabe (Bloomberg) -- Japan’s Jera Co. said it’s in talks with other LNG companies to create an alliance of buyers that account for more than one-third of global trade. Jera, a joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co., is seeking to cooperate with Korea Gas Corp. and China National Offshore Oil Corp. on … [Read more...]

Traders Eye Alaskan Crude Exports to Asia with Ban Lifted

By Jacob Gronholt-Pedersen and Liz Hampton SINGAPORE/HOUSTON, Jan 8 (Reuters) - Oil traders in Asia are running the numbers on importing Alaskan crude, after the end of a four-decade ban on U.S. exports also eliminated a costly tanker requirement for shipping North Slope oil overseas. Although Alaskan crude was one of the few domestic varieties effectively exempt from the … [Read more...]