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BRIEFING - ASIA ENERGY - OCT 22, 2004.

Publication: AsiaPulse News

Publication Date: 22-OCT-04
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COPYRIGHT 2004 Asia Pulse Pty Ltd

An executive briefing on energy for Oct 22, 2004, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

POSCO TO SPEND AN EXTRA US$243.5 MLN IN EXPANDING LNG TERMINAL

SEOUL - POSCO (KSE:005490), South Korea's largest steelmaker, said Friday a liquefied-natural-gas (LNG) terminal it is building on the south coast will process more gas than initially planned.

The steelmaker said it will spend an extra 280 billion won (US$243.5 million) for the project at its steelworks in Gwangyang, 423 kilometers from Seoul, to process 3 million more tons of LNG annually.

NEW INDONESIAN TRADE MINISTER DOUBLES NON-OIL EXPORT TARGET

JAKARTA - Trade Minister Mari Elka Pangestus set a growth target of 10-15 per cent for the country's exports of non oil/gas commodities next year or doubling the annual growth rate of 5-7 per cent in the past few years.

Mari said the target, equaling annual growth recorded in pre crisis years, could be reached through good cooperation with other related agencies.

EBARA CREATES SYSTEM TO GENERATE POWER FROM ANIMAL WASTE

TOKYO - Ebara Corp. (TSE:361) has developed a livestock excrement treatment system equipped...

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