Showing 1391-1400 of 1415 results

Southern provinces want environmentally-friendly LNG power, not coal power

HÀ NỘI — The building of new thermopower plants has recently become a cause célèbre in the country as economic demands and environmental concerns face off, especially with a number of localities rejecting central Government-approved plants. Việt Nam needs an enormous amount of energy to feed one of the fastest growing economies in the world, […]

Myanmar’s gas production dilemma

As the scramble for more power sources intensifies, focus has centered on tapping Myanmar’s gas fields to meet demand. But can the country afford its own gas? Myanmar is under pressure to double its power production capacity to 6000 megawatts (MW) within the next two years, in order to meet rising demand. Several power generation […]

PH inks oil exploration deal with Israeli firm

MANILA — Energy Secretary Alfonso G. Cusi witnessed on Wednesday the ceremonial signing of the Petroleum Service Contract (PSC) for Area 4 (East Palawan Basin) of the Fifth Philippine Energy Contracting Round (PECR5) at the Presidents’ Hall of Malacanan Palace. President Rodrigo R. Duterte signed the PSC on behalf of the Philippine government with Sec. […]

Gas Malaysia-Tokyo Gas JV commissions gas engine plant

KUALA LUMPUR (Oct 17): Gas Malaysia Bhd announced today the successful commissioning of its second gas engine co-generation plant operated with its joint venture partner Tokyo Gas Engineering Solutions Corp. The joint venture company, Gas Malaysia Energy Advance Sdn Bhd (GMEA), is owned 66% by Gas Malaysia and 34% by Tokyo Gas. In a stock […]

UAE firms encouraged to expand investment in Vietnam

Hanoi (VNA) – The Vietnamese Government will create favourable conditions for Mubadala Petroleum and other enterprises of the United Arab Emirates (UAE) to invest and expand business in Vietnam, said Deputy Prime Minister Trinh Dinh Dung. Dung made the pledge at a reception in Hanoi on October 17 for Naser Al Hajri, Mubadala Petroleum’s Senior […]

Schneider Electric donates 1,000 portable solar lamps to PMI for Palu

Global energy management company Schneider Electric has distributed 1,000 portable light-emitting diode (LED) lamps that uses solar energy to disaster-affected areas in Central Sulawesi, it has said in a statement received on Tuesday. Schneider Electric Indonesia said the Mobiya portable lamps could store electricity and be used for up to 48 hours. The statement said […]

Chinese think tank says PHL, China should look at the future as countries eye joint exploration deal

BEIJING, China — A top think tank here welcomed the upcoming state visit of Chinese President Xi Jinping to the Philippines, saying it is a manifestation that the two countries are ready to work together despite competing claims to some parts of the South China Sea. Xi is set to visit Manila and hold talks […]

World Oil Prices Help Vietnam Expand an Already Fast-Growing Economy

An increase in world oil prices is helping Vietnam earn money that will quicken its already fast economic growth and may help the country build new infrastructure. The only red light: higher fuel prices among Vietnam’s consumers. Vietnam, though not a major oil-producing nation like much of the Middle East, has counted energy-related commodities as […]

Philippines to suspend oil tax hike to cool red hot inflation

MANILA, Oct 14 (Reuters) – The Philippines said on Sunday it would suspend the implementation of a further increase in excise tax on fuel products, set to take effect in January 2019, to stem rising inflation expectations. Inflation in one of Asia’s fastest-growing economies has been rising since January, due to higher taxes, costlier food […]

Foreign investors see more chance to step in Vietnam’s oil refinery

The recent withdrawal of Vietnamese groups from billion-dollar oil refinery projects is paving the way for potential foreign investors, especially those from Thailand and China, to jump in the industry. At a recent meeting with government agencies, Pham Van Thanh, chairman of the Vietnam National Petroleum Group (Petrolimex), proposed to pull out from the South […]