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RATCH to acquire Nexif Energy portfolio

Denham Capital and Nexif have signed a share sale agreement with Thailand’s RATCH Group for Nexif Energy’s portfolio of renewable energy and storage assets in the Asia Pacific.

JERA takes stake in Vietnamese renewables player

ERA, through its subsidiary JERA Asia, is taking a stake in Vietnamese renewable energy producer Gia Lai Electricity Joint Stock Company (GEC).

Petronas: VFP approves RM1.6bil funding as of July 2022

The Petronas Vendor Financing Programme (VFP) continues to make positive impact on the industry with more than 260 applications and RM1.6 billion worth of funding approved as of July 2022.

USTDA funds Thailand’s supply chain resilience

The US Trade and Development Agency (USTDA) has granted funds to the Thai Ministry of Transport’s Office of Transport and Traffic Policy and Planning (OTP) to improve Thailand’s supply chain and reduce carbon emissions in its freight transportation system.

Japan pledges financial support to help ASEAN’s decarbonisation

Japan’s government pledged financial and technological support to help ASEAN countries accelerate their efforts to decarbonise their economies and combat global climate change, its industry minister said on Saturday.

US$692 million loan secured to finance region’s largest wind farm in Laos

US$692 million loan secured to finance region’s largest wind farm in Laos A developer has signed a US$692 million loan agreement to finance the 600MW “Monsoon Wind Power Project” in Laos, the largest in Southeast Asia, according to media reports.

Vietnam invests in 10 energy technologies

Vietnam will invest in 10 energy technologies in the 2021-2030 period with a view to ensuring energy security for the country’s socio-economic development, as part of the “Research, Application and Development of Energy Technologies” programme. They include advanced technologies in the exploration and exploitation of oil and gas, photovoltaic solar energy, smart electrical grids, radiation and radioisotope techniques in […]

Shell to invest in second Malaysia oil, gas project in a month

Shell PLC (SHEL.L) announced a second investment in Malaysia’s oil and gas sector in a month as the major and its partners, including Petronas, aim to revive output in an environment of tight global supply. Reporting by Ashitha Shivaprasad in Bengaluru and Florence Tan in Singapore; Editing by Christopher Cushing and Raju Gopalakrishnan

G7’s Climate Financing for Indonesia Under Negotiation: Envoy

Negotiations in relation to the G7’s climate financing for Indonesia to move away from coal are underway, according to a German diplomat. The 48th G7 Summit in Schloss Elmau earlier this year resulted in a plan to make Indonesia as a candidate for the Just Energy Transition Partnership (JETP). If all goes well, Indonesia would […]

Malaysia’s MISC signs time charter contracts with Exxon Mobil unit

Subsidiaries of Malaysian-based MISC Berhad (MISC.KL) have signed long-term charter contracts with a unit of Exxon Mobil (XOM.N) for two liquefied natural gas (LNG) carriers, MISC said on Friday.