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SOUTH ASIA advice on legal action threatened against the Firstly, the use of hydrogen as an
company, it has entered into a settlement energy source can potentially be more
Minister pitches for closer agreement with James Menzies, the company’s environmentally friendly as the combustion
former Chief Executive Officer, in connection
of hydrogen does not produce greenhouse gas
collaboration between with the termination of his service agreement emissions.
Secondly, as a tri-generation plant
announced on 2 April 2020. Under the
steel, energy sectors Settlement Agreement Mr. Menzies has produces heat, power and cooling, a tri-
agreed to waive all claims against the company generation plant-supported data centre can
The next few years may witness a closer and will receive a cash termination/notice not only tap on the electricity produced by
collaboration of steel and oil and gas sectors payment (inclusive of legal fees) of £132,000. the plant, thereby reducing its reliance on the
of the Indian economy. Chairing a webinar The settlement agreement constitutes a national grid, but also tap on the chilled water
on “Atmanirbhar Bharat– Fostering domestic related party transaction under the AIM produced by the plant to cool the data centre’s
steel usage in oil & gas sector”, the Minister Rules for companies pursuant to Mr. Menzies systems and facilities.
of Petroleum & Natural Gas and Steel directorship of the Company within the last As part of the MOU, Keppel Data Centres
Dharmendra Pradhan said that the growth 12 months. The directors of the company and MHI-AP will also explore producing
profile of the oil and gas sector offers a huge consider, having consulted with the company’s hydrogen fuel for the tri-generation plant
opportunity to the domestic steel industry. nominated adviser, that the terms of the through the steam methane reforming (SMR)
Pradhan noted that for India to cater to Settlement Agreement are fair and reasonable process. By incorporating carbon capture and
the global economic needs, it has to make a insofar as the company’s shareholders are storage capabilities, both parties will seek to
beginning by meeting its own needs. “The concerned. ensure that the process is carbon neutral.
refinery capacity of the country will get CORO ENERGY, June 17, 2020 One of the possible data centre projects
enhanced from 250 MT now to 450 MT in that might benefit from the hydrogen powered
ten years, mainly due to brown field refinery Keppel, MHI to explore tri-generation plant concept is the floating
expansions. More pipelines, more CGD data centre park project in Singapore that
capacity, the current 2000 odd CNG stations hydrogen powered tri- Keppel Data Centres is currently pursuing.
will get augmented to around 10,000 stations, MITSUBISHI HEAVY INDUSTRIES, June 18,
more compressed bio-gas factories are being generation plant 2020
set up. All these means more steel will be
required for these projects,” the Minister said. Keppel Data Centres Holding Pte Ltd
INDIANOIL, June 17, 2020 (Keppel Data Centres) and Mitsubishi Heavy EAST ASIA
Industries Asia Pacific Pte. Ltd. (MHI-AP)
have inked a memorandum of understanding G3 provides corporate
SOUTHEAST ASIA (MOU) to jointly explore the implementation
of the hydrogen powered tri-generation plant update
Coro Energy settles dispute concept for data centres in Singapore. On June 12 the Grand Court of the Cayman
Together, the parties will study how a
with former CEO hydrogen powered tri-generation plant- Islands granted a four month adjournment
supported data centre can meet the
of the winding up hearing and extended the
Coro Energy, the Southeast Asian focused expanding needs of the digital economy in Provisional Liquidation for the purposes
upstream oil and gas company, announces a safe, reliable and environmentally friendly of further advancing the Company’s
that, having received appropriate legal manner. restructuring options within this period.
Upon the Court issuing its written Order
expected before month end, the Company and
Joint Provisional Liquidators will provide a
more detailed update.
G3 EXPLORATION, June 15, 2020
Japanese partners receive

first shared LNG Cargo

The first commingling LNG cargo of
Hiroshima Gas and Tokyo Gas transported by
Tokyo LNG Tanker has arrived at Hatsukaichi
LNG terminal of Hiroshima Gas today.
This is the first commingling LNG cargo
based on the LNG Transportation Agreement
between Hiroshima Gas, Tokyo Gas and
Tokyo LNG Tanker that was executed in
February 2020 in which LNG procured by
Hiroshima Gas and Tokyo Gas from Sakhalin,
Russia would be jointly transported by an
LNG carrier owned and operated by Tokyo

P16 www. NEWSBASE .com Week 24 18•June•2020