Asia Pacific Energy Review, Oct 21-27

This column focuses on the previous week's main energy events in Asia and the Pacific.

Australia / BESS

Swedish technology group Wärtsilä was selected to deliver its second energy storage project in South Australia. Located in Bungama, stage 1 of this project will supply Amp Energy. The BESS will have a 150 MW / 300 MWh capacity.

China / Electricity

Electricity generation surged to a seasonal record of 802 TWh in Sept, up from 746 TWh a year earlier. Most extra generation came from thermal power (46 TWh), mostly fuelled by coal. There were small additions from wind farms (+20 TWh) and solar farms (+8 TWh). 

China / Russian gas

In the first nine months of 2024, Russian pipeline gas exports to China surged 23% YoY, reported China's General Administration of Customs. The value of Russian gas deliveries reached $6.1 billion, testifying to stronger ties between the two countries in energy.

India / Clean energy

India and the U.S. plan to establish a supply chain for a clean energy ecosystem, said Commerce Minister Piyush Goyal, adding that the economic relations between the two nations will achieve new heights in coming years.

India / Oil

By 2030, India's energy consumption is forecasted to rise from the current 5.4 mbpd to 7 mbpd. Nearly 25% of the increase in global energy demand over the next two decades will originate from India.

Indonesia / Oil & Gas

The new government aims to revive oil and gas production, with plans to cut regulations, reactivate idle wells and enhance output at producing assets in hopes of reversing a decades-long decline in output, state officials said.

Singapore / Clean energy

The Energy Market Authority approved the importation of 1.75 GW of low-carbon electricity from Australia via Sun Cable's Australia-Asia PowerLink that stretches 4,300 km. The electricity will be generated from solar power in the Northern Territory.

Southeast Asia / Power demand

Through 2035, Southeast Asia is forecasted to account for more than 25% of global energy growth. This increase is due to strong economic expansion, population growth, and Southeast Asia’s position as a global manufacturing and industrial hub. 

Taiwan / Wave power

Israel-based Eco Wave Power will sell the first wave-energy generation unit to I-Ke International Ocean Energy. The 100 KW pilot project will be installed on Taiwan’s east coast. An additional 83 potential sites have been identified for expansion.

Vietnam / Nuclear power

Vietnam will amend its national power development plan, (PDP8), to include options for nuclear energy and hydrogen, the Minister of Industry and Trade said. The PDP8 also calls for more renewables such as solar and wind.