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BRIEFING - ASIA ENERGY - MAY 26, 2009.

Publication: AsiaPulse News
Publication Date: 26-MAY-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
An executive briefing on energy for May 26, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

PETROCHINA'S NEW 45.5% STAKE IN SPC TO ADD TRADING FLEXIBILITY

BEIJING - PetroChina's (SSE:601857) proposed US$1 billion purchase of a 45.5 stake in Singapore Petroleum Co (SGX:S99) will give the Chinese company more leverage and flexibility in oil trading, analysts said Monday. As a move to gain a foothold in Asia's largest oil trading center, the deal may enhance domestic companies' influence on global oil pricing, they said.

INDIAN POWER REG. SPEEDS UP INTER-STATE ENERGY BUYING PROCESS

NEW DELHI - Indian power regulator Central Electricity Regulatory Commission (CERC) on Tuesday hastened the process enabling a company in a state to buy power from another state by making it mandatory to execute agreements in a fixed time frame. The commission on Tuesday notified certain amendments in the inter-state 'Open Access Regulation' to remove hurdles in the way of introducing the concept of 'Open Access', where a buyer...

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