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 […]
ASEAN regasification capacity to grow 77% in next decade
ingapore — The Association of Southeast Asian Nations (ASEAN) is likely to add nearly 77% in regasification capacity over the next decade as member countries build LNG import terminals to meet growing energy demand, according to data from the ASEAN Council on Petroleum. The growth in Southeast Asia’s regasification capacity will be both in terms […]
MVOT Wins Time Charter by Idemitsu Kosan
MISC Berhad (MISC), through its 51 percent-owned joint-venture with PetroVietnam Technical Services Corporation (PTSC) i.e. Malaysia Vietnam Offshore Terminal (L) Limited (“MVOT”) has been awarded a time charter contract by Idemitsu Kosan Co., Ltd. (IKC) for the provision of a Floating, Storage and Offloading Vessel (FSO) in Vietnam. The contract represents the expansion of MISC’s […]
Coal? Think Again
IN the past few weeks, we have felt the aftershocks of catastrophic weather that struck neighbouring nations. It hit closer to home when the Malaysian Meteorological Department put Sabah on tsunami watch on Oct 13. Unstable climatic patterns, occurring at greater frequency and intensity, are reportedly the outcome of human activity. The situation may get […]
Petronas calls for collective action in gas advocacy
KUCHING: Petroliam Nasional Bhd (Petronas) has urged all stakehol Petronas calls for collective action in gas advocacyders in the liquefied natural gas (LNG) industry to take concrete actions to advocate natural gas, LNG and its role in the global energy mix, as a collective effort towards a sustainable market ecosystem. Petronas pesident and group chief […]