Global oil demand to grow steadily in 2019 but trade risks loom: IEA

Views - 14 Monday, 18 June 2018 00:00

London (Reuters): Oil demand will grow steadily in 2019 thanks to a solid global economy and stable prices, although trade tensions remain the largest risk, the International Energy Agency said yesterday.

Sri Lanka should not go for any more coal-powered electricity generation

Views - 68 Monday, 18 June 2018 00:00

In an article published in a Sunday newspaper of 7 January, the Citizens’ Movement for Good Governance (CIMOGG), employing a minimum of technical language, set out several compelling reasons why coal-powered electricity generation is wrong for Sri

Asia oil thirst tab $1 trillion a year as crude rises to $80

Views - 32 Wednesday, 23 May 2018 00:00

SINGAPORE/MUMBAI/MANILA (Reuters): Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record

Expected LNG surplus evaporates, scramble for new projects looms

Views - 48 Wednesday, 23 May 2018 00:00

ADELAIDE (Reuters): Liquefied natural gas (LNG) producers around the globe are once again considering new investments

South Asian practitioners learn from Korea’s successful experience in energy efficiency

Views - 29 Wednesday, 23 May 2018 00:00 : Energy efficiency is emerging as one of the most viable options for climate change mitigation in South Asia,

CPC to venture into bulk bitumen next month

Views - 253 Wednesday, 16 May 2018 00:00

State-run Ceylon Petroleum Corporation (CPC) will venture into supplying bulk bitumen from next month and has the capacity to cater to 50% of country’s demand, a top official confirmed.

Fuel subsidy is only for kerosene: Finance Ministry

Views - 64 Wednesday, 16 May 2018 00:00

The Ministry of Finance yesterday said that the fuel subsidy was only for kerosene given to low-income families and fishermen and there would be no subsidy for petrol or diesel.

No one can assure stable oil prices, says UAE energy minister

Views - 20 Tuesday, 15 May 2018 00:00

Reuters: No one can assure the stability of oil price, what we are concerned about is to ensure there is enough supply to satisfy the demand in future, said the energy minister of United Arab Emirates (UAE), Suhail Al-Mazroui, on Sunday (May 13) in A

Relief for Indian solar producers as government reneges on import duty

Views - 21 Tuesday, 15 May 2018 00:00

NEW DELHI (Reuters) - India has scrapped a duty on solar modules, making it easier to import the products after a sudden change in customs policy last year led to a logjam of shipments at Indian ports. Several consignments of solar modules, worth mor

California becomes first US state to require solar panels on new homes

Views - 40 Tuesday, 15 May 2018 00:00

NEW YORK/LOS ANGELES (Thomson Reuters Foundation) - Builders in California will be required to fit solar panels on most new homes from 2020 under new building standards adopted last week, a move that is the first in the United States and could provi

Asia coal industry sees blue skies, ignores storm clouds

Views - 20 Tuesday, 15 May 2018 00:00

NUSA DUA, Indonesia (Reuters) - Asia’s coal miners, shippers and traders are seeing strong demand and rising prices for their fuel, and they expect this happy situation to persist for several years to come. It was a challenge to find anybody pessi

Experts call for concentration on clean energy technology

Views - 221 Tuesday, 15 May 2018 00:00

By Shannon Jayawardena Sri Lanka has an absolute need to concentrate on clean energy technology as it is crucial for the overall development of the country, highlighted the recently held clean energy seminar while focusing on solar PV, wind, hydrogen

Vietnam building more power plants as economic growth accelerates

Views - 43 Tuesday, 1 May 2018 00:00

Hanoi (Reuters) - PetroVietnam Power Corp, or PV Power, has been granted government approval to build two gas-fired power plants in southern Vietnam at a total cost of nearly $ 1.5 billion, its parent company said on Thursday. The Southeast Asian cou

General Electric to trial world’s largest wind turbine in Britain

Views - 28 Tuesday, 1 May 2018 00:00

London (Reuters): US conglomerate General Electric will test the world’s largest wind turbine in a facility in northeast England, it said. GE Renewable Energy, the renewable arm of the US firm, and the British government-funded Offshore Renewable E

Lockheed says ‘flow’ battery will boost use of renewable power

Views - 17 Tuesday, 1 May 2018 00:00

Washington (Reuters): Lockheed Martin Corp hopes to launch a new “flow” battery made of inexpensive, non-toxic materials that can help utilities save money and use more renewable energy, company officials said. “You open up a chance not only to

Strong LNG demand, led by Asia, may be able to absorb new supply

Views - 27 Tuesday, 1 May 2018 00:00

Singapore (Reuters): Last year’s strong demand for liquefied natural gas (LNG), led by Asia’s major economies, is expected to continue this year and should absorb some of the new supply coming onstream, industry executives said at a conference on

Global wind capacity to rise by more than half in next five years

Views - 14 Tuesday, 1 May 2018 00:00

London (Reuters): Global wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a report by the Global Wind Energy Council shows. In its an

SL targets 60% renewable energy by 2030

Views - 185 Wednesday, 25 April 2018 09:00

The Government, which is to embark on an ambitious plan to have a 60% energy mix entirely from renewable energy sources by 2030, has sought the assistance of the German government to find investors and overcome technical obstacles to renewable energy

China coal imports tumble on new rules, India yet to take up the slack: Russell

Views - 27 Wednesday, 25 April 2018 00:00

Launceston, Australia (Reuters): China’s decision to impose fresh restrictions on imports of coal at some ports appears to have caused a sharp fall in inbound shipments of the polluting fuel.

Foreign Minister attends Berlin Energy Transition Dialogue

Views - 72 Wednesday, 25 April 2018 00:00

Minister of Foreign Affairs Tilak Marapana attended the Berlin Energy Transition Dialogue (BETD), which commenced under

Panama Canal to carry 30 m tonnes of LNG by 2020 as global demand grows

Views - 24 Wednesday, 25 April 2018 00:00

TOKYO (Reuters): The Panama Canal may carry five times as much liquefied natural gas (LNG) in 2020 as it did last year as production

Oil tops $75, highest since 2014 OPEC meeting that led to pump war

Views - 22 Wednesday, 25 April 2018 00:00

LONDON (Reuters) - Oil rose on Tuesday above $75 a barrel to its highest since November 2014, supported by OPEC-led

Resus Energy gears to feed more power to national grid

Views - 52 Thursday, 19 April 2018 00:47

Hydro electricity is the oldest and the principal source of electricity generation in Sri Lanka. Its unique geography renders the country perfectly suited for hydropower generation through large scale and mini hydropower plants.

Extensive overhauls at CPC’s Sapugaksanda Oil Refinery to enhance national energy supply

Views - 159 Thursday, 19 April 2018 00:00

The Ceylon Petroleum Corporation’s (CPC) Sapugaskanda Oil Refinery successfully completed a colossal 35-day overhaul and renovation program recently, aimed to boost efficiency, reliability and productivity of the refinery.

Oil breaks above $ 72 as supply concerns build

Views - 18 Thursday, 19 April 2018 00:00

London (Reuters): Oil prices extended gains yesterday (18 April), lifted by a reported decline in US crude inventories and the risk of supply disruptions. Brent crude oil futures rose 87 cents to $ 72.45 a barrel by 11:43 GMT, while US WTI crude futu

Nuclear technology for development

Views - 90 Wednesday, 4 April 2018 00:00

International Atomic Energy Agency (IAEA) Director General Yukiya Amano during a recent visit to Sri Lanka

Govt. to crack down on fuel stations selling subsidised kerosene

Views - 32 Friday, 23 March 2018 00:00

Petroleum Resources Development Minister Arjuna Ranatunga yesterday warned of revoking the licences of fuel stations

Mannar wind power: Start of large scale grid integration

Views - 405 Friday, 23 March 2018 00:00

“Glorious history, unique geography and abundant nature ...” – Dr. Rohan Pethiyagoda on the Mannar heritage.

Oil loses ground as rising US output threatens to disrupt tightening market

Views - 21 Friday, 23 March 2018 00:00

SINGAPORE (Reuters): Oil prices gave up earlier gains as the relentless rise in U.S. crude production threatens to undermine

World’s largest single-site Concentrated Solar Power project

Views - 44 Friday, 23 March 2018 00:00

A view shows the Mohammed bin Rashid Al Maktoum Solar Park,

Today's Columnists

The Brahmin footprint in Sri Lankan history

Saturday, 17 November 2018

It is generally said that there are no genuine “Sri Lankan” Brahmins in the island today, and that those Brahmins who officiate as priests in Hindu kovils (temples) are of Indian origin with close ties with Tamil Nadu.

Country paying for Sirisena’s childlike behaviour

Saturday, 17 November 2018

Many were surprised on 26 October to see former President Rajapaksa being appointed Prime Minister by the very man who defeated him a couple years ago, at a considerable risk to himself and to those who helped him win the election. Then events beca

The JR-MR effect

Saturday, 17 November 2018

Sri Lanka over the last few weeks has experienced a twin crisis. One is political provoked by its Constitution, and the other economic engendered by its politics. However, this crisis is the combined effect of two previous presidencies, those of J.R.

The fish that swallowed the whale

Friday, 16 November 2018

This is an easy-peasy, elementary effort of an ordinary citizen to comprehend the mad scramble for power among the political class. It is undertaken in the belief that the crisis we face is an opportunity to reject the family kleptocracy of Mahinda R

Columnists More