Tag: energy

Industry Leaders to Congregate in Bangkok to Discuss Asia’s Future Energy Needs

THAILAND, Feb 5, 2020 – (ACN Newswire) – Almost 200 Global Leaders will take the stage at Future Energy Asia Exhibition and Conference 2020 to address Asia’s rapidly evolving energy mix and showcase strategies that energy professionals can adopt to accelerate energy transition towards a cleaner sustainable energy future. H.E. Sonthirat Sontijirawong, Minister, Ministry of Energy of the Kingdom of Thailand, will officially open the conference and exhibition and deliver the inaugural keynote at Bangkok International Trade & Exhibition Center (BITEC) when the event starts on 12 February 2020.

Attendees will hear from C-level executives representing Thailand’s energy leading organizations, including EGAT, PTT Group, PTTEP and the Ministry of Energy. Energy leaders from Thailand’s ASEAN neighbors Vietnam, Malaysia, Indonesia, Philippines and Singapore will also attend the conference, as public and private sector experts around the region share what they are doing at a policy and project level to meet the estimated 60 percent energy demand growth.

The three-day conference presents a complete tool kit for energy transition in Asia. The first day, 12 February, focuses on Integration: discussions will give deep insights into how renewables and natural gas can be used to deliver a sustainable and clean energy future. On day two, the focus will be on partnerships, especially regional energy partnerships within ASEAN, as well as partnerships between the public and private sectors that can help drive energy transition. The final day focuses on transformation, and looking into how disruptive innovation can impact the region’s future energy mix.

A unique feature of the Future Energy Asia Exhibition and Conference is its Centres of Technical Excellence Theaters (COTES). These provide free-to-attend technical and technology ‘TED talk’-type content, covering a wide range of energy-related topics including energy transition and digitalization, as well as will showcasing the most important new energy projects in the region.

Chriptopher Hudson, President of DMG Events the organizer of the Future Energy Asia Exhibition and Conference, said: “The Future Energy Asia Conference is truly global with delegates and speakers from every corner of the world making their way to Bangkok. The event is designed to be a platform that provides an excellent opportunity to drive collaboration between new energy suppliers, electricity generators and the energy transition supply chain; building alliances between public and private sectors to help build a clean energy future in ASEAN. We have attracted a large number of global buyers and sellers who will display their products, services, established alliance, and demonstrate the innovations needed by Asian countries to develop their energy industry.”

Future Energy Asia is also supported by Thailand Convention & Exhibition Bureau (TCEB). “We are delighted to welcome back Future Energy Asia 2020, a world-class event that will be 15 percent larger for its second edition,” said Mr. Chiruit Isarangkun Na Ayuthaya, the President of TCEB. “With 20 percent more trade visitors expected this year, drawn to a host of new and returning exhibitors that include international pavilions from the US and Italy, the event will connect key global energy sector stakeholders as never before. Thailand supports any event focused on innovation that contributes to our nationwide Thailand 4.0 economic growth strategy. And by partnering with events such as this through a range of market-leading initiatives, TCEB is doing its part to make shows such as Future Energy Asia as successful as possible.”

The Future Energy Asia Exhibition and Conference 2020 will take place at the Bangkok International Trade & Exhibition Center (BITEC) from 12 to 14 February 2020. For more information, please visit www.futureenergyasia.com

For more Information, please contact:

Mayuri Emma Jayaphorn (Yuree) or Pimpen Aphinivet (Mew)

Tel: 094-229-2365 or 080 989 5582

E-mail: yuree@spark.co.th or mew@spark.co.th

Spark Communications

Zhonghua Gas Holdings Limited Announces Signed MOU on LNG Cooperation with Shenergy (Group)’s Wholly-Owned Subsidiary Shenergy Jiulian Group

Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Zhonghua Gas”) today announces that it has signed a Memorandum of Understanding (“MOU”) with Shanghai Jiulian Group Co., Ltd (namely the “Shenergy Jiulian”), a wholly-owned subsidiary of Shenergy (Group) Co., Ltd. (collective namely the “Shenergy Group”) on cooperation in area of Liquefied Natural Gas (“LNG”).

Zhonghua Gas and Shenergy Jiulian cooperate to form a 60: 40 Joint Venture (“JV”) to co-explore end users market in Yangtze River Delta region for maximizing the edges of LNG resources of Shenergy Jiulian while end users resources of Zhanghua Gas. The JV will be principally engaged in sale of LNG, sale of LPG, engineering of LNG pipeline, sale, installation, maintenance of LNG delivery equipment, technology development, consulting and transfer of heating system, technology development of new energy, etc.

Zhonghua Gas intends to integrate the gas supply business of its existing customer resources in the Yangtze River Delta, such as existing point-to-point supply of LNG, decentralized energy, direct supply of industrial LNG, vehicle and ship refueling etc., into the LNG sales channel and business of the JV, and constantly expand the business scope of the JV and improve the market share. It will also be responsible for obtaining the qualification, license, permits, and approval for the JV to be engaged in LNG storage, transportation, sales and other related businesses as soon as possible.

Shenergy Jiulian as the LNG supplier for the JV will guarantee the sufficiency and stability of LNG supply and give necessary supports for the respective businesses of the JV.

Zhonghua Gas is proud and thrilled to be partnering with Shenergy Jiulian to create the optimal synergy for developing and expanding the LNG business. Shenergy Jiulian is a subsidiary of Shenergy Group which is a Top 500 enterprises in the People’s Republic of China (“PRC”) and a member company of State-owned Assets Supervision and Administration Commission of Shanghai (“Shanghai SASAC”). Shenergy Group is an investor and contractor for Shanghai’s major energy infrastructure as well as supplier for major energy including electricity and gas. It also constructs the “6+1” (West Gas Line 1, West Gas Line 2, Yangshan imported LGN, East Gas, Sichuan Gas, Jiangsu Rudong and fifth trench LNG emergency gas source) LNG multi-gas source protection system and builds a municipal gas business chain integrating with production and procurement, pipeline transportation, sale and supply of LNG. In 2018, the scale of its LNG operation reached 9 billion cubic meters, accounting for more than 90% of the market share in Shanghai.

For Zhonghua Gas, this cooperation on the one hand enables it to expand the scope of the LNG business, on the other hand enables it to secure the supply of LNG resources and to expand its business to the high potential market in the Yangtze River Delta region, and then to expand across the country as it planned.

In addition, Zhonghua Gas plans to build up strong relationships with new partners in order to cater future needs and foster further business opportunities. Zhonghua Gas will always continue to look for opportunities to venture into business relating to New Energy business in order to expand its business and market coverage and ultimately to build it into a leading diversified and integrated new energy service provider in the Greater China Region.

Shenergy (Group) Co., Ltd.
Shenergy (Group) Co., Ltd. is a wholly state-owned enterprise which is funded and supervised by the Shanghai SASAC. It is formerly known as Shenneng Electric Power Development Company, which was founded in 1987 and restricted as a group company in 1996 with registered capital of RMB 10 billion. It currently owns more than ten second-level wholly-owned and controlled subsidiaries including Shenergy Company Ltd. (SH 600642), Shanghai Gas Group and Orient Securities (SH600958). As at the end of 2018, the company ranked among the top 500 Chinese companies for 17 consecutive years. It is an investor and contractor for Shanghai’s major energy infrastructure as well as supplier for major energy including electricity and gas. It also constructs so-called 6+1 (West Gas Line 1, West Gas Line 2, Yangshan imported LGN, East Gas, Sichuan Gas, Jiangsu Rudong and fifth trench LNG emergency gas source) LNG multi-gas source protection system and builds a municipal gas business chain integrating with production and procurement, pipeline transportation, sale and supply of LNG. In 2018, the scale of its LNG operation reached 9 billion cubic meters, accounting for more than 90% of the market share in Shanghai. Shenergy Group shoulders the responsibility of ensuring the energy security supply of Shanghai and promoting the adjustment and optimization of the city’s energy structure. In recent years, it has promoted the development of clean energy and the expansion of the energy industry chain. It has been involved in new business areas such as wind power and solar power generation, natural gas power generation, decentralized energy supply, power plant energy conservation technology, energy trade, and new energy venture capital funds, and has actively implemented power plants. Desulfurization, denitrification and other initiatives have made positive contributions to low-carbon development and energy conservation and emission reduction in Shanghai.

Shanghai Jiulian Group Co., Ltd.
Shanghai Jiulian Group Co., Ltd. was formally established on January 18, 2000. It is a wholly-owned subsidiary of Shenergy (Group) Co., Ltd. It was formed by the merger of the former Shanghai Commodity Exchange, Shanghai Metal Exchange and Shanghai Grain and Oil Commodity Exchange. Its principal businesses include oil trading agents, futures brokerage, investment management, delivery warehouse management, spot commodity trading, information technology, and property management, etc. It closely links with the major business of Shenergy Group and adheres to the development direction of energy factor market construction, financial investment and commercial real estate business. At present, its business scope is investments, domestic trading (except national special regulations) and other related consulting services, information technology services as well as cargo import and export business.

Zhonghua Gas Holdings Limited
Zhonghua Gas Holdings Limited is principally engaged in provision of diversified and integrated new energy services including technological development, construction related and consultancy services in relation to heat supply and coal-to-natural gas conversion, supply of Liquefied Natural Gas, coupled with trading of new energy related industrial products. The Group is also engaged in the property investment business.

Media Contacts:
Angel Yeung
Jovian Communications Ltd
Tel: +852 2581 0168
Email: news@joviancomm.com

Zhonghua Gas Holdings Limited Announces Audited Results for the Six Months Ended 30 June 2019

Profit Attributable to Owners Increased 81.5% to HK$37.0 Million

Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collectively the “Group”) today announces that the audited results for the six months ended 30 June 2019 (“Current Period”). Total revenue from the continuing operation recorded a 122.3% year-on-year increase from HK$112.7 million to HK$240.0 million in the Current Period. Net profit after tax showed an outstanding growth of over 74.5% to HK$44.1 million and profit attributable to the owners of the Company recorded over 81.5% increase to HK$37.0 million as compared to the Corresponding Period. Basic and diluted earnings per share for the Current Period were both HK$1.0 cent, as compared to both HK$0.6 cent in the Corresponding Period.

The growth was driven by a surge in revenue from the New energy business, primarily brought by the trading of Liquefied Natural Gas (LNG). The Group recorded contribution from the New energy business to total revenue 99.9% for the both period in 2018 and 2019, reflecting its important role in the operations. Gross profit of the New energy business dropped due to a thinner gross profit margin of LNG trading business compared to that of construction related and consultancy services. 

During the Current Period, the Group has successful completed business restructuring following the completion of the disposal of the catering business on 30 April 2019, and will continue to remain focused on developing and expanding the New energy business with an objective to maximize the profitability of the Group. The cooperation with one of the world’s largest engineering and consultancy company, Tractebel Engineering S.A. (“Tractebel”), Tianjin Jinre Heat Supply Group Co. Ltd. (“Jinre Group”) also allowed the Group to explore and expedite further collaboration with top industry players in fields of technological and infrastructure-related business.

Looking forward, the Group will continue to strive to actively expand in the LNG trading segment. In order to firmly grasp future business expansion in the sector, not only will the Group step up the efforts in LNG trading in existing operating locations, but also eye on developing the LNG trading business in other potential regions in the PRC and extend our footprints worldwide. Identifying suitable LNG suppliers locally and globally and delivering LNG products will be of the Group’s first priority in near future.

The Group also aims to build up strong relationship with new partners in order to cater to future needs and foster further business opportunities. The Group will also pursue long term cooperation with our key partners to diversify our business scope and enhance services, while seeking for collaboration projects in possible areas of LNG trading. It will also put its focus on capturing and developing new consultancy projects as it is one of its current major revenue sources.

The Group will always continue to look for opportunities to venture into business relating to New Energy business in order to expand the business and market coverage and ultimately to build it into a leading diversified and integrated new energy service provider in the Greater China Region.

Zhonghua Gas Holdings Limited
Zhonghua Gas Holdings Limited is principally engaged in provision of diversified and integrated new energy services including technological development, construction related and consultancy services in relation to heat supply and coal-to-natural gas conversion, supply of Liquefied Natural Gas, coupled with trading of new energy related industrial products. The Group is also engaged in the property investment business.

Media Contacts:
Angel Yeung
Jovian Communications Ltd
Tel: +852 2581 0168
Email: news@joviancomm.com

Asia Aligns Power Infrastructure Investments to Meet Dynamic Energy Transition Needs

Governments across Asia are tapping on innovations in generation, transmission and distribution technologies to fulfil their energy transition ambitions.

At the core of the energy transition is the need to address the increasing power demand that follows rapid population and economic growth along with the continued need for conventional power sources.

“Regional governments are making good progress in supplying affordable and reliable energy for their population as they also implement emerging technologies to offer more sustainable solutions. With global and regional experience in generation, transmission and distribution technologies, Black & Veatch is helping regional leadership identify integrated power infrastructure possibilities as they re-balance their energy portfolios to meet universal electrification and carbon emission reduction goals,” says Narsingh Chaudhary, Black & Veatch’s newly-appointed Executive Vice President, Asia Power Business. Chaudhary added that while this transition occurs governments have not lost sight of the need to bring power to rural and remote areas.

An integrated power infrastructure takes advantage of different generation, transmission and distribution technologies to help utilities overcome the pitfalls of aging infrastructure assets while meeting rising customer demand for energy that is renewable and reliable. The right energy portfolio mix offers improved operation efficiencies.

Chaudhary leads Black & Veatch Power teams in Asia, including India, where the company service offerings include conventional, renewable, and distributed power generation, transmission and distribution, microgrids, and behind the meter services.

As a leader in energy transformation strategies, Black & Veatch delivers engineering possibilities for integrated power infrastructure that address local energy requirements.