Canada-Asia News Service
A daily summary of Canada-Asia business and government news including top headlines from the region. Following a story? Search the archives.
Canada-India Business Council Hosts Second Annual Business Forum
The Canada-India Business Council will host its second annual Canada-India Business Forum in New Delhi, India on November 8-9, 2012. The forum provides leaders from industry, government, academia and civil society with a platform to help shape the Canada-India agenda. The Forum seeks to build relationships and develop recommendations to address pressing challenges in the evolving relationship between Canada and India. For more information, click here.
Shell, KOGAS, Mitsubishi and PetroChina Propose Joint LNG Export Facility in BC
Calgary-headquartered Shell Canada Limited, Korea Gas Corporation (KOGAS), Mitsubishi Corporation of Japan, and PetroChina Company Limited of China announced they are jointly developing a proposed liquefied natural gas (LNG) export facility near Kitimat, British Columbia. The LNG Canada project brings together the four companies’ development expertise and access to markets required to connect the supply of Canadian natural gas to global markets. The proposed project will include the design, construction and operation of a gas liquefaction plant, and facilities for the storage and export of LNG, including marine off-loading facilities and shipping. Shell holds a 40% working interest, with KOGAS, Mitsubishi and PetroChina each holding a 20% working interest in the project.
CBM Asia Enters Coalbed Methane Partnership with Continental Energy Corporation of Indonesia
CBM Asia Development Corporation, a Vancouver-based coal-based methane operator, announced that it has entered into a joint study and bid group agreement with Jakarta-based Continental Energy Corporation to investigate coal bed methane exploration and development opportunities in Indonesia. Under the agreement, CBM Asia and Continental will jointly and exclusively study selected areas in Indonesia with the objective of identifying geologically favorable areas to be jointly pursued as targets of opportunity for direct acquisition of coalbed methane production sharing contracts offered by the Indonesian government.
Trade Deals Announced During BC Jobs and Trade Missions to Japan
As part of the BC Jobs and Trade Mission led by BC Premier Christy Clark, several trade agreements between Canadian and Japanese businesses were announced. Nippon Access, a Japanese company that provides retail support, merchandising, logistics, and information system solutions agreed with Natural Glacier Waters, a Comox-based bottled water company, to retail 1,000 containers of water per year through one of Japan’s largest grocery chains. Surrey-based Powertech, a BC Hydro subsidiary that specializes in clean energy consulting, independent testing and power system solutions, signed a Letter of Intent with Tomoe Shokai, an industrial gas trading house, for the sale of Powertech’s hydrogen filling station in Japan worth C$10 million. JX Nippon and Australia’s Xstrata Coal announced a C$35 million pre-feasibility study of the Suska Coal Project, located between Tumbler Ridge and Chetwynd, BC. And Sumitomo Metal Mining Co. and Vancouver-based Imperial Metals Corporation announced a three-year extension of an existing copper concentrate agreement between the two companies, worth a total of C$150 million.
WestJet and Korean Air Launch Code-Share Agreement
Calgary-headquartered WestJet has launched a code-sharing arrangement with Korean Air of South Korea. The code-share agreement will allow Korean Air to market and distribute WestJet-operated flights by placing its ‘KE’ flight indicator on WestJet-operated flights in North America.
