MPRC calls for oil and gas sustainability framework to be introduced by end-2024
KUALA LUMPUR: The Malaysia Petroleum Resources Corporation (MPRC) will introduce the national oil and gas services and equipment (OGSE) sustainability framework by the end of 2024, which will provide a detailed guide for how OGSE companies can implement and report on their sustainability practices.
State agency warns fuel retailers over pricing
The warning was issued by Wattanapong Kurovat, director-general of the Energy Policy and Planning Office. He said his office had received complaints that the marketing cost collected by fuel retailers was too high, leading to increase in gasohol prices despite the government cutting excise tax.
Japanese Firms, Petronas to Set up CO2 Storage Off Malaysia by 2028 End
Japanese companies have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy firm Petronas, which should start holding its first carbon dioxide (CO2) emissions from the end of 2028, Japan Petroleum Exploration Co said on Monday.
Minimal oil price cuts seen
MANILA, Philippines — Pump prices could see another round of rollbacks next week, although minimal.
Thai Cabinet fuels up for savings: Gasohol 91 prices set to drop
The Thai Cabinet today gave initial approval for a 2.5 baht per litre reduction in the price of gasohol 91 for three months, likely to start from October 31, as stated by the Thailand Energy Minister.
Second LNG terminal planned to boost supplies that can meet S’pore’s power needs in a pinch
SINGAPORE – Singapore will have a new liquefied natural gas (LNG) terminal by the end of this decade, boosting supplies of the fuel to a level where power plants here can generate electricity even if piped gas from neighbouring countries is not available, said Deputy Prime Minister Lawrence Wong.
Thailand’s LNG boom risks slowing SE Asia energy transition: Maguire
LITTLETON, Colorado, Oct 25 (Reuters) – Thailand has jumped from eleventh to eighth in the world ranking for imports of liquefied natural gas (LNG), after purchases through October soared 25% from the same period in 2022.
Singapore Centralizes Gas Purchases to Boost Energy Security
Singapore will centralize natural gas purchases in a bid to improve the stability and security of its power sector. The nation will aggregate demand from generating companies, which will create economies of scale and allow Singapore to negotiate more favorable gas contracting terms and procure fuel from diverse sources, Minister for Trade & Industry Gan Kim […]
To minimise electricity price volatility, Singapore will centralise procurement and supply of gas
SINGAPORE: In a bid to avoid wild swings in electricity prices brought about by energy shortages, the Singapore government will establish an entity to centralise the procurement and supply of gas for the power sector.
Farmers in line for subsidised fuel
Energy authorities are planning to apply a “green fuel” or non-tax fuel programme for farmers, allowing them to buy oil at inexpensive prices, says Energy Minister Pirapan Salirathavibhaga.