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 […]
World Bank aids Vietnam transition to a solar auction programme
The Global Infrastructure Facility’s (GIF) Governing Council approved $1.5 million in funding to support the World Bank’s work with the government of Vietnam on a Solar Pilot Auction Programme. The GIF, working with the World Bank’s Energy Global Practice, will help the government to design and structure the Auction Programme to transition from a feed-in […]
Homegrown fuel: Jokowi kicks off B30 policy
President Joko “Jokowi” Widodo has symbolically kicked off the mandatory use of B30 biodiesel – eight days ahead of Jan. 1, when the policy was initially scheduled to go into force. B30 refers to a biodiesel blend containing 30 percent fuel produced from palm oil. “We can say that this B30 policy can save us […]
Energy Ministry catches fire, cheaper B10 and E20 starts Thursday
The Energy Ministry has decided to postpone the effective date for cutting retail prices for biodiesel B10 and gasohol E20 by one baht per litre from Wednesday to Thursday because the ministry’s buildings caught fire on Wednesday, rendering officials unable to conduct a meeting. The State Oil Fund Administrative Committee previously planned to approve this […]
Malaysia raises export tax for crude palm oil for first time in over a year
SINGAPORE (Reuters) – Malaysia has raised its export tax for crude palm oil for January, for the first time in one-and-a-half years, the Malaysian Palm Oil Board’s website said on Friday, citing the national customs department. The world’s second-largest producer and exporter of palm oil had last imposed an export tax of 4.5% in August […]