Reuters Asia Business

ST PETERSBURG (Reuters) -Russia signed an investment agreement with Myanmar on Friday that it said could open up new opportunities for Russian energy companies in the south Asian country. “We especially note the readiness of the Myanmar side to attract Russian companies to the development of offshore oil and gas fields,” Economy Minister Maxim Reshetnikov …

Russia signs investment deal with Myanmar, sees offshore oil and gas prospects Read More »

TOKYO (Reuters) -An executive from Malaysian state energy firm Petroliam Nasional said on Friday that the first cargo from its portion of supply from the LNG Canada project will be delivered to its customer, Japanese city gas provider Toho Gas, in July. Speaking at an energy conference in Tokyo, Shamsairi Ibrahim, Petronas’ vice president of …

Petronas to deliver its first LNG Canada cargo to Japan’s Toho Gas in July Read More »

By Florence Tan and Nidhi Verma SINGAPORE/NEW DELHI (Reuters) -Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East after spot premiums jumped, six trade sources said on Friday. Spot premiums for Middle East benchmarks rose above $3 a barrel on Thursday, the highest levels …

Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict Read More »

MILAN (Reuters) -Pirelli chief Marco Tronchetti Provera said on Friday the tensions at the tyremaker involving China’s state-controlled Sinochem, its main shareholder, are on the way to being resolved. Sinochem, which owns a 37% stake, has crossed swords with the company and its second largest shareholder Camfin, which claim that a large Chinese presence in …

Pirelli boss says issues with China’s Sinochem will be fixed Read More »

JAKARTA (Reuters) -Indonesia expects to sign a free trade agreement with the Russian-led Eurasian Economic Union (EAEU) this year in a move likely to boost demand for its commodity exports, its senior economic minister said in a statement released on Friday. Coordinating Minister for Economic Affairs Airlangga Hartarto said the agreement would open up new …

Indonesia expects to sign free trade deal with Russia-led union this year, minister says Read More »

BEIJING (Reuters) -Tesla’s first China grid-scale battery storage station using its megapack batteries will be located in Shanghai, local media Yicai reported on Friday. The deal involving an investment of 4 billion yuan ($556.8 million) was signed between the U.S. automaker, China Kangfu International Leasing Co and the Shanghai local government on Friday, according to …

Tesla, Shanghai sign $557 million energy storage station deal, Yicai reports Read More »

SEOUL (Reuters) -South Korea’s SK Group will invest around 7 trillion won ($5.11 billion) including $4 billion from Amazon Web Services, Amazon’s cloud services provider, to build a data centre in the southern city of Ulsan, the Science Ministry said on Friday. The AI data centre, which will be the country’s largest, will break ground …

South Korea says SK and Amazon to invest $5 billion in country’s biggest data centre Read More »