Energy

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

Views - 26 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 - 23 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 - 54 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 - 170 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 - 19 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 - 95 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 - 33 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 - 435 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 - 49 Friday, 23 March 2018 00:00

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


JLanka seminar on ‘Investing in a Clean Future’ sheds much needed light on future of solar in Sri La

Views - 54 Friday, 23 March 2018 00:00

JLanka Technologies, Sri Lanka’s leading solar solutions provider facilitated a seminar titled ‘Investing in a Clean Future


Investing in a clean future: ground-mounted solar PV power plants

Views - 210 Thursday, 8 March 2018 00:00

Solar power is the most abundant renewable energy source available on earth. Given the country’s close proximity to the equator, Sri Lanka is ideally situated to benefit from this gift of nature. While the cost of investment in setting up solar pow


Chevron says its business is resilient to climate change

Views - 27 Monday, 5 March 2018 00:08

Reuters - Chevron Corp said last week its business is resilient to a wide variety of possible climate change scenarios as the U.S. oil company and other producers come under pressure to invest less in oil projects and more in renewable energy. The cl


GE to develop world’s largest wind turbine in France

Views - 36 Monday, 5 March 2018 00:07

PARIS (Reuters) - General Electric plans to invest more than $400 million over the next three to five years to develop the world’s biggest offshore wind turbine, which will have a capacity of 12 megawatts and stand 260 metres (853 feet) tall. With


NDB Solar Vantage assists households to switch to solar energy

Views - 71 Monday, 5 March 2018 00:06

Many households have decided to opt for solar energy to power up their homes as it is a more cost efficient method to save fuel and energy in the long term. With this in mind, ‘NDB Solar Vantage’ has stepped up as the foremost solution that enabl


LAUGFS Gas, Platinum Sponsor of Sri Lanka Ceramics & Glass Symposium 2018

Views - 59 Monday, 5 March 2018 00:05

The Sri Lanka Ceramic & Glass Council will hold the seventh consecutive Ceramic and Glass Symposium at the Taj Samudra Hotel. This year’s theme ‘Value Migration through Sustainability’ will focus mainly on the innovation and global presence and


Bangladesh’s Summit Group plans Singapore listing for power unit by April

Views - 66 Monday, 5 March 2018 00:03

Singapore (Reuters): Electricity producer Summit Power International plans to list on the Singapore Exchange Ltd., (SGX) by April, what is likely the first company from Bangladesh to offer shares in the city-state, as it seeks to raise funds to inves


Nawaloka Petroleum expands operations to become preferred automotive solutions provider

Views - 104 Monday, 5 March 2018 00:01

Nawaloka Petroleum Ltd., a fully-owned subsidiary of Nawaloka Holdings Ltd., recently announced its plan for 2018 to expand operations in a bid to become the preferred automotive solutions provider in the country. Established in 2010, the company has


US to overtake Russia as top oil producer by 2019 at the latest: IEA

Views - 26 Monday, 5 March 2018 00:00

TOKYO (Reuters): The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said, as the country’s shale oil boom continues to upend global markets. IEA Executive Direct


Surge in global oil supply may overtake demand in 2018: IEA

Views - 34 Monday, 19 February 2018 00:00

LONDON (Reuters) - The rise in global oil production, led by the United States, is likely to outpace growth in demand this year,


A year into OPEC’s production cuts, Asia’s oil markets have tightened

Views - 22 Monday, 19 February 2018 00:00

SINGAPORE (Reuters) - Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened


OECD says energy taxes in developed economies too low to fight climate change

Views - 22 Monday, 19 February 2018 00:00

London (Reuters): Energy taxes in major advanced economies are not doing enough to reduce energy use, improve


Asia’s soaring gas demand opens window for new LNG projects

Views - 61 Monday, 19 February 2018 00:00

NUSA DUA, Indonesia/SINGAPORE (Reuters) - Soaring gas demand from China, India and Southeast Asia is sucking


India explores ‘cheap power’ sales to neighbours

Views - 32 Monday, 19 February 2018 00:00

NEW DELHI (Reuters) - India is exploring selling “cheap power” to its South Asian neighbours and Myanmar on a long-term


CEB calls for proposals for 90 solar power plants of 1MW capacity each

Views - 281 Friday, 26 January 2018 00:00

The Ceylon Electricity Board (CEB) has decided to call International Competitive Bids for the development of 90 small-scale solar


Brent crude dips below $ 70 after surprise rise in US inventories

Views - 24 Thursday, 25 January 2018 00:05

LONDON (Reuters): Benchmark Brent crude oil prices eased yesterday, pressured by a rise in US crude and gasoline inventories, but remained close to three-year highs. Brent futures fell 10 cents to $ 69.86 a barrel by 1330 GMT, having climbed above $


Gas price revision key to bridge gap between global price hikes and current retail price in Sri Lank

Views - 118 Thursday, 25 January 2018 00:03

LPG retailers in Sri Lanka have been compelled to increase the price of a domestic gas cylinder due to global LPG gas price hikes that have been ongoing since October 2016. The price of a domestic gas cylinder was increased by Rs. 110 by the Consumer


Brent could average at $64 in 2018: Report

Views - 24 Monday, 22 January 2018 00:09

The expected drop in OECD inventories suggests that oil prices will likely be higher in 2018 than originally seen and Brent crude oil price is projected to reach $64 per barrel (/bbl) this year, said the Bank of America Merrill Lynch (BofAML) in a ne


India to set up $350 m fund to finance solar projects

Views - 28 Monday, 22 January 2018 00:05

NEW DELHI (Reuters) - India will set up a $350 million fund to finance solar projects, Power Minister R.K. Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022.


Solanra powers national electricity grid with 1000 KW power in 2017 with German-made Jurawatt Solar

Views - 96 Monday, 22 January 2018 00:03

Solanra Ltd. has met their target of contributing to the national electricity grid with 1000 kilowatts power within one year using German made Jurawatt solar panels.


Today's Columnists

Xi Jinping: China’s story of Moses

Wednesday, 12 December 2018

Xi Jinping’s story resembles the story of Moses in many ways. Moses (Prophet Musa as known to Muslims) though an Israeli, was adopted by the Egyptian Pharaoh. Moses was known as the Prince of Egypt, until he fell out of favour with the Pharaoh and


We don’t want an executive presidency

Wednesday, 12 December 2018

The executive presidency was established in 1978. Since then there has never been as much hope for its abolishment as there is right now. It however still requires many actors to come together to work towards its abolishment. The 20th as brought to


What is next for middle-income Asia and Sri Lanka?

Wednesday, 12 December 2018

Decades of sustained economic growth have left the Asia Pacific with few lower-income countries. Absolute poverty levels are and will continue to keep falling. This is cause for celebration. But it also requires a new partnership between countries an


Why didn’t they tell the President?

Tuesday, 11 December 2018

The President appears to believe that he still possesses the full executive powers he derived from the Constitution when he was elected to his office in January 2015. Three months later, he sat during a tumultuous session in Parliament, and witnessed


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