Russia willing to ‘extend help’ to Philippines with energy sources, says envoy
Russian Ambassador Marat Pavlov on Monday said Russia is willing to cooperate with the Philippines amid the spike of oil prices due to the conflict between Russia and Ukraine. Speaking to reporters after his courtesy visit on President-elect Ferdinand “Bongbong” Marcos Jr., Pavlov mentioned that oil and gas were among the topics discussed during their […]
Gas expansion a detour in Philippine transition to cleaner, cheaper energy
In 2019, the provincial government of Negros Occidental took a crucial first step on the path to sustainable energy when it heeded the call of young advocates to keep coal out of the Western Visayas province. Alfredo Marañon Jr.—governor at the time—issued the executive order opposing the establishment of any coal-fired plants in the face […]
Oil refineries face state price cap
Energy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month.
Asia Gas Hub seeks to start gas exchange in Malaysia, says move could provide jobs, income, cleaner energy
Asia Gas Hub, an energy market solutions provider, is ready to turn Malaysia into a centre for gas trade in the Asia-Pacific by facilitating the creation of a natural gas exchange in the country. The company’s chief executive officer, Faris Mustaffa, said the region is yet to have a central hub for gas trade despite […]
Shell to invest $66m to build LNG import terminal in the Philippines
The proposed project will include a 3.8Mtpa FSRU, subsea and onshore gas pipelines, and pigging stations. Shell Energy Philippines is reportedly planning to invest PHP3.5bn ($66m) to build a liquefied natural gas (LNG) import terminal in Batangas City, the Philippines.
Fossil gas expansion seen to worsen energy security
Southeast Asia is becoming Asia’s fossil gas and liquefied natural gas (LNG) hub, with the Philippines having one of the largest planned gas power expansion and LNG import terminals. However, this massive fossil gas expansion is seen as a threat as it will worsen the region’s energy security and dependence on imported fuel, based on a […]
Razon’s Malampaya entry good for power sector — Cusi
The planned acquisition by ports and casino tycoon Enrique Razon Jr. of a controlling stake in the Malampaya gas-to-power project is a welcome development for the Philippine power sector, Energy Secretary Alfonso Cusi said Friday. On Thursday, Razon’s infrastructure arm, Prime Infra Holdings Inc., announced that the acquisition process of a controlling stake in the Malampaya project […]
Fuel prices seen to go up next week
Prices of fuel products are expected to increase starting June 7, the Unioil Petroleum Philippines said on Saturday. According to the forecast, the per liter price of diesel may increase by ₱6.30- ₱ 6.50, while gasoline prices make go up by ₱2.50- ₱2.70 per liter. The hike comes a week after a mixed movement in […]
High costs, legal impasses hinder Vietnam’s LNG energy production
Too many variables and over-reliance on imports have been hindering Vietnam’s plan to build power plants running on liquefied natural gas (LNG), industry experts have said.
Malaysia’s Petronas to trade some Canadian, US LNG in spot market
Malaysia’s state energy firm Petronas plans to reserve some liquefied natural gas (LNG) from its share of a joint venture in Canada to trade in the spot market, a senior executive said.