The Asian Development Bank (ADB) and KfW, the German state-owned development bank, have agreed to expand their cofinancing partnership in Asia-Pacific with an additional $2 billion over the next 4 years. The funds will be used to promote sustainable economic development, a cleaner environment, and renewable energy.
Evol is investing to expand its Kiwinana liquefaction plant south of Perth to meet rising demand from small-scale, decentralized power producers in Western Australia. The Kwinana LNG plant, built in 2008 and designed to produce 175 tons of LNG per day from North West Shelf gas, will be expanded to 250 tonnes per day from April 2020.
Russia’s Gazprom has revised downward its investment program and budget for this year, slashing expenses by 3.142 billion Rubles ($49m) to 1,322.582 billion Rubles ($20.7bn) thanks to “project optimization”. Most capital-intensive are Gazprom’s upstream projects in the Yamal Peninsula and eastern Russia, as well as the Power of Siberia pipeline to China.