Chinese and Russian enterprises signed roughly $20B in business deals in Moscow on Wednesday. Much of the deals focused on the energy sector and 5G mobile technology, reports the Nikkei Asian Review.
Jonathan Hillman joins Jane Nakano and Nikos Tsafos for the CSIS Energy and National Security Program's Energy 360° Podcast to look at the importance of energy projects in the BRI, changing expectations from BRI partners, and what defines a successful BRI.
The biggest commercial bank in Japan is one of the latest Asian lenders to consider a ban on funding for new coal-fired power stations. Asian banks are recognizing the global threat from climate change and pulling back financing for the world's most carbon-intensive energy source, Nikkei reports.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.
Over the next 15 years, more hard infrastructure is projected to be built around the world than currently exists. As our infrastructure is transformed, so will be the economies it fuels, the regions it connects, and the global commons it underpins. These trends are too powerful and potentially beneficial for the United States to stop, and too consequential to ignore.
China’s Global Energy Interconnection (GEI) initiative is an ambitious vision for transforming the global energy system that pairs a pitch for climate leadership with Beijing's industrial policy priorities. As China makes a play for green leadership in global energy governance, the U.S. needs to present a positive agenda of its own for the clean-energy transition.
Thailand's state-owned energy group PTT has earmarked around $4 billion for projects including pipelines and liquefied natural gas terminals over the next decade, supporting the government's efforts to diversify the country's coal-heavy energy supply. More gas-fired plants are also expected to be built to support Thailand's growing energy demand, reports the Nikkei Asian Review.
Saudi Arabia's Crown Prince, Mohammed bin Salman, promised to invest up to $100 billion in India's economy in the coming years, including in areas such as infrastructure, energy, and refining. The Crown Prince's visit to New Delhi follows a stop in neighboring Pakistan, where he signed $20 billion worth of investments in the country's flagging economy. The Crown Prince's next stop? Beijing.
Weeks after a meeting of government officials from Beijing and Islamabad, the environmental impact of China-led coal-fired power generation projects in Pakistan is still a hot topic of debate. Lack of disclosure on plans associated with $62 billion China Pakistan Economic Corridor, which forms a crucial part of Chinese President Xi Jinping's ambitious Belt and Road Initiative, is spurring local environmental concerns.
In 2015, Chinese president Xi Jinping debuted a plan at the UN to knit the world's energy grids, currently fragmented along national lines, into a single global network. In reality, Xi's ambitious plan far outstrips what can realistically be achieved in the coming decade given current economic, technical, and political constraints.
One of China's Belt and Road Initiative's biggest environmental impacts may be on the world’s water. Should BRI projects strain the world's water resources, the initiative may carry important, and perhaps negative, implications for global and local conflicts over shared water resources.
Saudi Arabia plans to set up a $10 billion oil refinery at Pakistan's Chinese-funded Gwadar port, according to a statement given by the Saudi energy minister. Pakistan's petroleum minister, Ghulam Sarwar Khan, has said that the project will make Saudi Arabia an important partner in the China-Pakistan Economic Corridor.
In 2017, China surpassed South Korea to become the world’s second-largest liquefied natural gas (LNG) importer. In a few years, it might overtake Japan. But how is China securing its LNG needs?
Three major Indonesian coal miners have announced plans to invest in renewable energy projects, as financing for coal power plants becomes increasingly difficult to obtain and renewables are decreasing in cost.
Tokyo Gas and China National Offshore Oil Corporation both partnered with Filipino companies to compete for the building of the Philippines' first liquefied natural gas terminal. Though Japan and China's leaders agreed to jointly advance third-country infrastructure projects, companies have not been able to shift from competition to collaboration in the field, reports the Nikkei Asian Review.
Indonesian state-owned oil and gas company Pertamina announced the signing of a $4 billion contract with two South Korean firms for a major upgrade of the Balikpapan refinery in East Kalimantan province, one of six mega refinery projects aimed at increasing Indonesia's fuel production capacity and reducing reliance on imports.
China envisions a vast global network of trade, investment, and infrastructure that will bring the world closer to Beijing. To better understand how China's vision is playing out on the ground, The New York Times examined nearly 600 Chinese-financed projects and the driving forces behind them, citing data from the Reconnecting Asia Project.
China is starting to build its largest offshore wind-power facility in the latest move in an accelerating shift in Asia away from solar to wind and other renewable energy sources.
A Japanese-led consortium of international banks will jointly lend $1.31 billion for a thermal power station in West Java, Indonesia fueled by liquefied natural gas.
Five years after the announcement of China's Belt and Road, the ambitious drive to build new infrastructure across Eurasia has produced a mixed track record on key issues such as its energy footprint, debt sustainability, and environmental impact.
As Asia continues to modernize and develop transportation infrastructure, its demand for electricity will continue to grow. Reconnecting Asia’s new dataset of over 11,000 power plants can help shed additional light on the region’s changing energy landscape.
China will contribute $3.6 billion to Turkey for infrastructure projects in order to expand its Belt and Road Initiative and mitigate the impact of Turkey's economic crisis.
The United States announced a $113 million package aimed at developing the Indo-Pacific region's digital economy, energy sector, and infrastructure.
Energy projects account for more than 60 percent of the roughly $62 billion in investment along the China-Pakistan Economic Corrdior. While CPEC's power plants have the potential to greatly increase access to electricity for Pakistan’s population, they could also pose serious risks to surrounding wildlife.
Vietnam plans to develop the largest solar plant in the ASEAN region, a 420-megawatt facility located in Tay Ninh in southwestern Vietnam. Talks are underway with several local and international financial institutions for project funding for the $420 million project.
Malaysia's Ministry of Finance is reviewing two gas pipeline projects worth $2.36 billion signed under the Najib administration, following the discovery that 88 percent of the money has been paid out despite only 13 percent of the work being completed.
Japan's infrastructure export ambitions face an uncertain future following a move by Japanese trading house Itochu to pull funding for the construction of a nuclear power plant in Turkey. Itochu's departure was driven by a sharp increase in safety-related costs following the Fukushima nuclear disaster, which caused the estimated total project cost to balloon from two to five trillion yen.
Kazakhstan and China have drafted 51 projects worth a total of $27 billion in the energy, mining, infrastructure and other sectors between 2016 and 2022.
Several local communities in rural Thailand have lobbied to block environmentally-damaging infrastructure projects backed by Chinese companies sparking similar actions across Southeast Asia.
State Grid Corp. of China has announced plans to bid for a 20 percent stake in a local German power grid operator. If successful, the deal will be China's first investment in Germany's critical infrastructure.
The Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion in loans to India for infrastructure-related projects in 2018, including energy, roads, and urban development projects.
Nearly three years into CPEC, a number of projects have moved forward at breakneck speed, yet costs remain high and political rivalries still threaten to derail progress.
Taiwanese President Tsai Ing-wen hopes to wean the island off nuclear power by 2025. To reach its goal, Taiwan is investing in renewable energy sources including a $827 million deal with Japanese company Hitachi for wind turbines.
San Miguel, the Philippines' largest listed company by revenue, has earmarked $13.6 billion to expand its investments in multiple sectors including power and transport infrastructure.
China’s interest in the Arctic seems to be driven by potential energy, commercial, and geopolitical benefits, but each comes with a caveat.
On November 30th the CSIS Energy and National Security Program hosted "Hydrogen and Green Shipping: Zero Emission Fuel in the Maritime Sector" to discuss the important role that hydrogen fuel technology could play for shipping in the transition to a low-carbon future.
At the onset of Beijing’s sixth 16+1 forum, China’s involvement with Central and Eastern Europe under the Belt and Road is beginning to take shape. Results on the ground have proven mixed so far, and a more nuanced local picture is slowly emerging; with some reasons for concerns but also much reassurance provided.
Vietnam signs the contract on Wednesday to develop a coal-fired power plant, the first time the country has turned to private companies to finance infrastructure.
The Japan International Cooperation Agency will provide its largest yen loan to date, equal to an estimated $4.51 billion, for the construction of a port and coal-fired power plant in Bangladesh.
Here is a selection of work from ADBI related to four areas the Reconnecting Asia Project covers: climate change and sustainability, energy, regional integration, and infrastructure finance.
India has announced an ambitious push to merge a dozen or so state-run oil and gas companies to take on major global energy companies.
State Grid Corp. of China, a state-run energy company that's part of China's "One Belt, One Road" (OBOR) initiative, has announced plans to increase overseas investment to $50 billion by 2020.