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DOTr eyes start of fuel subsidy by end-August

MANILA, Philippines — The Department of Transportation (DOTr) on Monday said it was targeting to implement the fuel subsidy program for public utility vehicle (PUV) drivers by the end of August, as soon as it receives the P2.95 billion fund from the Department of Budget and Management.

Vietnam creating favorable conditions for oil, gas contractors

Prime Minister Pham Minh Chinh wholeheartedly supported Jadestone Energy Plc in its investment in activities related to oil and gas in Vietnam’s continental shelf, especially solutions to develop Nam Du – U Minh gas field in order to provide an additional gas source to the Southern region.

5th consecutive major oil price hike seen next week

Metro Manila (CNN Philippines, August 4) — Another major oil price hike is seen to take effect next week with an increase of over ₱3 expected for diesel, industry sources said Friday.

Thai Cabinet fuels up for savings: Gasohol 91 prices set to drop

The Thai Cabinet today gave initial approval for a 2.5 baht per litre reduction in the price of gasohol 91 for three months, likely to start from October 31, as stated by the Thailand Energy Minister.

Second LNG terminal planned to boost supplies that can meet S’pore’s power needs in a pinch

SINGAPORE – Singapore will have a new liquefied natural gas (LNG) terminal by the end of this decade, boosting supplies of the fuel to a level where power plants here can generate electricity even if piped gas from neighbouring countries is not available, said Deputy Prime Minister Lawrence Wong.

Thailand’s LNG boom risks slowing SE Asia energy transition: Maguire

LITTLETON, Colorado, Oct 25 (Reuters) – Thailand has jumped from eleventh to eighth in the world ranking for imports of liquefied natural gas (LNG), after purchases through October soared 25% from the same period in 2022.

Singapore Centralizes Gas Purchases to Boost Energy Security

Singapore will centralize natural gas purchases in a bid to improve the stability and security of its power sector. The nation will aggregate demand from generating companies, which will create economies of scale and allow Singapore to negotiate more favorable gas contracting terms and procure fuel from diverse sources, Minister for Trade & Industry Gan Kim […]

To minimise electricity price volatility, Singapore will centralise procurement and supply of gas

SINGAPORE: In a bid to avoid wild swings in electricity prices brought about by energy shortages, the Singapore government will establish an entity to centralise the procurement and supply of gas for the power sector.

Philippines open to gas exploration talks with other countries, says Manalo

The Philippines is open to having talks with other countries regarding joint oil and gas exploration, Foreign Affairs Secretary Enrique Manalo said on Friday.

Fuel prices unchanged

PETALING JAYA: The prices of RON97, RON95 and diesel will remain the same, the finance ministry announced today. The price of RON97 will stay at RM3.37 per litre, RON95 at RM2.05 per litre and diesel at RM2.15 per litre.