Bush to ask G8 nations to spur energy efficiency in China, India

Washington (Platts)--22Jun2005

President Bush Wednesday said he will press the G8 group of leading industrial
countries next month to address Asia's growing energy demands, which have
helped drive US oil prices to record levels. 

In remarks after touring a nuclear power plant in Maryland, Bush said he would
ask the G8 at its summit in Scotland to develop a "comprehensive energy plan"
aimed at boosting energy efficiency in fast-growing China and India. China's
crude use has soared in part because it has increasingly relied on oil-fired
generators to meet its electricity demand. 

Bush also lobbied Congress to complete a wide-ranging energy bill it has been
unable to pass since the start of his administration in 2001. Since March, the
president has repeatedly pressed lawmakers for the energy bill, saying it
would help the US economy and improve security. The House has passed a bill
and the Senate is expected to follow suit Thursday. The two chambers would
then have to resolve differences between their bills and pass a compromise
measure before sending Bush a final bill.

This story was originally published in Platts Natural Gas Alert
http://www.naturalgasalert.platts.com

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