Denmark and Norway suggested alternative sources to battle electricity shortage in Vietnam
Vietnam will have to import 12 million tons of coal in 2020 to avoid electricity shortage due to increasing demand in electricity and rapidly growing economy. This situation was predicted by Denmark’s energy industry reflected from data of energy report in November 2019. Norway also suggested alternative clean energy such as liquid natural gas and […]
DOE steps up on learning gas market policies from US, Asian peers
With high anticipation that the Philippines will eventually have a reboot of its gas industry into a market catered to by imported liquefied natural gas (LNG), the Department of Energy (DOE) is also stepping up on its learning process when it comes to policies and regulation frameworks of the changing landscape of global gas markets. […]
IPA Indonesian Petroleum Association : Gas, Indonesia’s chance to meet its energy demand and boost up its industry
As its oil production continues to plummet, gas has become an opportunity for Indonesia to meet its energy demand. Therefore, gas is no longer being treated as a source of revenue for Indonesia, but as a key driver of its economy and industrial growth. Data from The Upstream Oil and Gas Regulatory Special Task Force […]
Energy transition: ASEAN on track
In March last year, the World Economic Forum (WEF) launched the fifth edition of their Energy Transition Index (ETI), ranking 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability. The report considered both, the current state of the countries’ energy systems as well as their readiness […]
Vietnam’s coal purchases set to escalate
Vietnam will import 12 million tons of coal this year, 30 million tons in 2025 and 50 million tons in 2030 to fuel thermal power plants. Senior officials of the state-owned coal mining group Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) said at a Friday meeting that it supplied more than 36 […]
Cambodia’s fuel prices fixed despite US-Iran row
PHNOM PENH (The Phnom Penh Post/ANN) – The Ministry of Commerce warned increase tensions between the US and Iran, one of the world’s largest oil producers, could cause prices to fluctuate. Increase tensions between the US and Iran, one of the world’s largest oil producers, could cause prices to fluctuate, the Ministry of Commerce warned […]
Special Report: Reform is fast becoming the only choice
THE year 2020 will see the unfolding of notable developments in the energy sector, especially in the renewable energy segment. It is crucial for the country to become less dependent on fossil fuel due to economic, security and sustainability reasons, and reform is fast becoming the only choice. If not now, when? In July 2018, […]
Indonesia Plans to Cut Coal Output to Bolster Prices, Revenue
Indonesia ordered coal miners to slash output after record production and exports from the world’s largest shipper last year weighed on prices and state revenue. The government has set the production target at 550 million metric tons this year, 9.8% below the 610 million tons in 2019, Energy and Mineral Resources Minister Arifin Tasrif told […]
Higher oil prices to boost Malaysia’s growth, hit S’pore: Barclays
IN emerging Asia, higher oil prices — fuelled by escalating tensions between the United States and Iran — are likely to benefit Malaysia’s growth the most, while hitting Singapore the hardest, said Barclays analysts in a Jan 8 report. “The comfort from easing trade and global risks seems to be over for policymakers in Emerging […]
Indonesia plans new gas pricing for industrial users in March
JAKARTA: Indonesia plans to unveil a new gas pricing policy for industrial customers in March in a bid to lower energy costs for manufacturers, Energy and Mineral Resources Minister Arifin Tasrif said on Thursday. Indonesia’s President Joko Widodo earlier this week asked his cabinet to come up with a strategy to lower gas prices for manufacturers to […]