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Asia to Step Up Reg’l Energy Cooperation
Source: mb.com.ph
Source Date: Friday, July 23, 2010
Created: Jul 25, 2010

Southeast Asia, China, Japan and South Korea will step up cooperation in areas such energy-security, oil stockpiling, natural gas, renewable energy and conservation, regional statements said on Friday.

The 10-state Association of South East Asian Nation and China, Japan, South Korea, and New Zealand will jointly ''monitor the price-hike effect of the recent recovery in energy demand,'' a statement said, without detailing future work.

The 10-country bloc aims to lift output of renewable energy to 15 percent of regional energy capacity by 2015, a second statement for ASEAN said. That includes hydro-power and biofuels. Renewable energy includes wind and nuclear power.

On Thursday Vietnam called on Southeast Asian countries to consider using nuclear power for peaceful purposes as Asia faces rising energy needs to fuel economic growth.

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

Vietnam called on Southeast Asian countries to consider using nuclear power for peaceful purposes as Asia faces rising energy needs to fuel economic growth.

The countries should ''promote cooperation on planning and energy policy to ensure security of energy supply and demand, extraction and conversion, transport and distribution of oil and gas,'' Prime Minister Nguyen Tan Dung said in the opening speech to a meeting of ASEAN energy ministers.

He urged members of the Association of Southeast Asian Nations (ASEAN) to ''consider the possibility of cooperation in using nuclear energy for peaceful purposes as a source of alternative low-carbon and sustainable energy.''

The call followed a proposal by Russia to help Southeast Asian countries build nuclear power plants and develop its use.

Several countries in the 10-member ASEAN such as Vietnam, Thailand and Indonesia have plans to build, or are moving forward with building nuclear power plants to tackle electricity shortages.
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