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Asia-Pacific press summary: Energy highlights

  • Mercados: Biofuels, BP , Coal, Corporate, Crude oil, Electricity, Emissions, Freight, Fundamentals, LPG, Natural gas, Oil products, Petroleum coke, Politics
  • 03/04/07

 

SingaporeFollowing are energy highlights from some of today's selected Asia-Pacific newspaper editions. Click on the links to see related Argus stories.

 

Wall Street Journal Asia
Independent shareholders of Chinese state-controlled producer CNOOC defeat a proposal to extend shifting of funds to an affiliate of the firm's state-owned parent, putting pressure on other listed Chinese firms to follow suit (page 1).

 

Takeover battle for Australian energy firm Alinta still simmering with investment bank Macquarie asking for an independent review of its offer (page 2).

 

Chinese power producer Datang International planning to slow its capacity expansion this year (page 3).

 

US gasoline consumers seemingly ignoring price volatility (page 4).

 

Germany utility Eon abandons its bid for Spanish rival Endesa, deciding to join rival bidders Italian utility Enel and Spanish construction firm Acciona to buy the firm (page 6).

 

Russian state-owned oil firm Rosneft planning to bid for the 20pc in oil producer Gazpromneft held by bankrupt oil firm Yukos (page 9).

International Herald Tribune
Richer countries find it easier to adapt to climate change (page 5).

 

US Supreme Court orders federal government to review its regulations on carbon dioxide (CO2) emission from vehicles (page 5).

 

Kerr-McGee, bought by fellow US independent Anadarko last year, wins bid to dismiss a court verdict finding it liable for underpaying royalties on US government oil leases (page 11).

 

Chinese firms venture into wind turbine manufacturing (page 12).

 

CNOOC independent shareholders reject proposal to allow funds to rest with its state-owned parent (page 18).

 

Financial Times
India's commercial capital of Mumbai facing daily power cuts because of increasing demand (page 2).

 

US Supreme Court forces US government to rethink its regulation of vehicle emissions (page 3).

 

EU's CO2 emissions grew 1-1.5pc last year undermining its commitment to curb climate change (page 3).

 

Spanish stock market regulator Manuel Conthe quits over drawn-out battle for Endesa (page 4).

 

CNOOC independent shareholders reject proposal to allow funds to rest with its state-owned parent (page 20).

 

Indonesian coal producer Bumi Resources outlines expansion and diversification plans (page 21).

 

French turbine and transport group Alstom to take a 49pc stake in a joint venture with Russian state-owned nuclear firm Atomenergomash (page 21).

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