Water shortages caused by a drought has caused significant problems for generation of hydro power in Chile. This, along with natural gas shortages from Argentina are causing potential brownouts or power cuts. Similar to the recent situation in South Africa, Chile’s power problems are affecting commodity prices, primarily copper.
Category Archives: Gas
India Looks to Africa for Oil
No surprise that India has been beaten by China for oil exploration bids in Myanmar, Kazakhstan and elsewhere over the past few years. With serious shortages and blackouts seriously affecting and threatening India’s economic growth, India is looking to Africa, South America, Pakistan, and elsewhere for new supplies.
Australian industry looks to gas, coal for transport fuel
February 26, 2008 (The Australian) – A move to develop a national agenda to create a multi-billion-dollar industry producing liquid transport fuels from coal and gas will be launched today by the Rudd Government.
Resources Minister Martin Ferguson will use a conference in Brisbane to set the scene for gas and coal offsetting Australia’s huge and growing oil import bill.
Australia last year spent $7.5 billion on energy imports, more than it gained from selling oil, gas and coal overseas.
The country has only about eight years of oil at current rates of extraction but more than 100 years of gas and about 600 years of coal. Continue reading
Asia Cleantech 