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Philippines mulls lifting West Philippine Sea oil exploration ban

MANILA, Philippines — The Philippine government is considering to lift the moratorium on oil and gas exploration in the West Philippine Sea to be able to move forward with an agreement with China. Manila is hoping to finalize the terms of an agreement with Beijing on the possible joint exploration in the West Philippine Sea […]

UPDATE 1-Petronas supplies first LNG cargo to marine-fuel vessel ahead of IMO 2020

SINGAPORE, Nov 1 (Reuters) – Malaysia’s state energy firm Petroliam Nasional Bhd on Thursday supplied its first liquefied natural gas (LNG) cargo to a newly built LNG marine fuel supply vessel ahead of a new mandate for ships to switch to cleaner fuels in 2020. Petronas LNG, loaded the cargo onto the world’s largest LNG […]

China Ready to Produce Oil, Gas With Philippines in South China Sea – Minister

China is ready to study the possibility of joint oil and gas production with the Philippines in the South China Sea, Chinese Foreign Minister Wang Yi said. “The Chinese party is ready to continue exploring the possibility of joint development of oil and gas [fields] in the South China Sea together with the Philippines. To […]

Philippines short-lists three company groups for LNG terminal project

The Philippines has short-listed three different groups to build and operate its first liquefied natural gas (LNG) import terminal and hopes to nominate one by November, its energy minister said on Tuesday. Short-listed companies were chosen from 18 groups that submitted proposals for the project, Alfonso Cusi told Reuters on the sidelines of the Singapore […]

Interview: AIIB allots half of $6 billion loans to energy projects, says no longer China policy tool

Singapore — The Asian Infrastructure Investment Bank is no longer a policy tool tied to Beijing’s Belt & Road Initiative and has committed nearly half of its $6 billion loans to energy projects ranging from power plants to natural gas pipelines, Pang Yee Ean, Director General of Investment Operations at AIIB, said in an interview […]

China starts exporting petroleum to Laos

BOTEN, Laos, Oct. 31 (Xinhua) — With over 64 ton diesel, handed over from PetroChina to a Lao company at Laos-China border, the first export of Chinese refined oil to Lao market was made on Wednesday. PetroChina International (Yunnan) Co. Ltd, a subsidiary of PetroChina group, has been studying and preparing for two years to […]

Japan’s Osaka Gas looks to Southeast Asia for LNG business

SINGAPORE (Reuters) – Japan’s Osaka Gas Co Ltd is considering expanding its Southeast Asia operations, a top executive said, tapping a region where natural gas demand is booming but domestic reserves are dwindling fast. Osaka Gas, one of the world’s biggest gas utilities and importers of liquefied natural gas (LNG), is increasingly turning abroad as […]

Philippines Hopeful Xi Visit Brings South China Sea Energy Deal

Philippine Energy Secretary Alfonso Cusi is optimistic that a deal to jointly explore disputed areas of the South China Sea for oil and gas will finally move forward when President Xi Jinping visits next month. Terms for an agreement between the Philippines and China may be finalized during Xi’s visit, Cusi said in an interview […]

PV Power nine-month profit exceeds plan

HÀ NỘI — PetroVietnam Power Corporation (PV Power) reported revenue and pre-tax profit of VNĐ24.8 trillion (US$1.06 billion) and VNĐ1.8 trillion, respectively, in the first nine months of the year. These results are equivalent to 106 per cent and 124 per cent of the annual plan, respectively. After-tax profit was estimated at VNĐ1.4 trillion. According […]

Indonesia does not need to import gas until 2027 at current demand growth rate, says official

Indonesia’s average gas demand growth over the last five years was about 1.1 per cent, Arcandra Tahar told a panel session at the Singapore International Energy Week conference SINGAPORE: Indonesia will not need to import any gas until at least 2027 if its average gas demand growth rate is maintained at just over 1 per […]