Asia Connect / Europe
China and Portugal step up Belt & Road co-operation
By signing a Memorandum of Understanding on Belt and Road cooperation with China, Lisbon is clearly exerting its economic independence away from any EU misgivings
Michael Marray 12 Dec 2018

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Asia Connect
CNCEC to build offshore LNG terminal in Pakistan
Daewoo Gas has signed a master engineering, procurement construction and financing (EPCF) contract with China National Chemical Engineering Construction Company (CNCEC), to set up an offshore LNG terminal in Pakistan. The project envisages transporting liquefied natural gas (LNG) on trucks and bowsers loaded with ISO tanks rather than through a pipeline system.
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KKR sets up renewable energy platform in Singapore
KKR has launched a renewable energy platform in Singapore to develop, build, and operate solar, wind and energy storage projects in Taiwan and Vietnam, with a view to expanding to other markets in Asia.
Asia Connect
Vale and Huayou sign Indonesian nickel processing deal
PT Vale Indonesia and Zhejiang Huayou Cobalt have signed a framework cooperation agreement (FCA) for developing a high-pressure acid leaching (HPAL) nickel processing facility in Sulawesi.
Asia Connect
MUFG joins mega solar and battery storage project for Las Vegas
Quinbrook Infrastructure Partners and its portfolio company Primergy Solar have closed US$1.9 billion in debt and tax equity financing for a mammoth project to deliver clean energy to the US city of Las Vegas. The Gemini Solar + Storage project, to be constructed in the Mojave Desert in Nevada, will be the largest single development of its kind in the United States when it is completed and becomes operational in late 2023.
Asia Connect
OGCI partners with CNPC on China climate fund
OGCI Climate Investments (OGCI CI), alongside its partners China National Petroleum Corporation (CNPC) and Hainan Free Trade Zone Development Equity Investment Fund Partnership (Hainan FTZ Fund), has launched the OGCI China Climate Investments (CCI) fund. The fund will follow the model deployed by OGCI CI’s first international fund, focusing on driving near-term greenhouse gas (GHG) impact across methane emissions reduction, carbon dioxide emissions reduction and recycling or storage of carbon dioxide.