HO CHI MINH CITY — Vietnam repeatedly calls itself one of the countries that would be most devastated if climate change worsens, but it is also preparing to import liquefied natural gas (LNG), which emits the greenhouse gases that accelerate climate change. Rather than drastically boost renewable energy, Vietnam plans to start using LNG for the […]

Houston — Malaysia’s Petronas will buy LNG from Cheniere Energy under a 20-year agreement that will support building a sixth liquefaction train at the exporter’s Sabine Pass terminal in Louisiana. The long-term offtake deal for approximately 1.1 million mt/year of LNG will be shipped on a free-on-board basis beginning following the date of first commercial […]

Jakarta (ANTARA News) – State-owned oil and gas company Pertamina, through its subsidiary PT Pertamina Power Indonesia (PPI), entered the construction phase of a gas and steam power plant, with a capacity of 1,760 megawatts (MW), in December 2018. Construction of Jawa-1 Independent Power Plant (IPP) signifies Pertamina`s efforts to support the provision of clean […]

Myanmar is planning to sell natural gas produced from PTTEP offshore block (MD-7) mainly for local use, sources said. The PTTEP, cooperating with Myanmar Oil and Gas Enterprise (MOGE), held a public talk to discuss and explain about environmental impact assessment (EIA) test with locals from Myeik on December 13. They met with locals in […]

Singapore — Thailand’s energy ministry has awarded the renewed production sharing contracts for two major gas fields to PTT Exploration and Production Public Co Ltd, boosting the state-run oil company’s gas production and reserves profile at a time when the country’s output has been flagging. PTTEP’s auction wins for the Erawan and Bongkot natural gas […]

Malaysian oil and gas company Petronas plans to introduce liquefied natural gas (LNG) bunkering operations at the country from the second half of 2019. “As a major player in the LNG business, PETRONAS is well-positioned to support the strategic intent for Malaysia to become the regional LNG bunkering hub,” it said in the Petronas Activity […]

KUCHING: Sarawak Chief Minister Abang Johari Openg today clarified that only the export sales tax will be imposed on petroleum products. Clarifying that there would be no multi-layer sales tax on petroleum products, he said there was a lot of misunderstanding on the export sales tax for petroleum and gas product,s which was announced in […]

PETALING JAYA: Amid an uncertain oil and gas (O&G) environment, it would seem that a floor price for crude oil has been fixed at US$60 per barrel since the collective agreement by global oil producers to cut supply. This development bodes well for Malaysia, both the government and local O&G industry players, as it signifies […]

SINGAPORE: Singapore petroleum company Coastal Oil Singapore Pte Ltd has entered liquidation as of Dec. 13, according to the Accounting and Corporate Regulatory Authority. The company has decided to wind up but no other information was available. Coastal Oil declined to comment when contacted. Coastal Oil is a subsidiary of Hong Kong-incorporated Coastal Holdings and […]

As part of continuing efforts to develop Singapore as an LNG trading hub, SLNG will be able to construct another LNG storage tank at the SLNG Terminal on Jurong Island, Singapore. SLNG has announced that it is keen to explore interest in the market to underpin this facility. SLNG is thus seeking non-binding Expressions of […]