MANILA — The Department of Energy (DOE) said 444 retail stations or around 5 percent of all gas stations in the country have prematurely implemented the second tranche of excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law. In a press briefing Thursday, DOE Undersecretary Felix William Fuentebella said the department will […]

Oil and gas giant Pertamina, as a state-owned enterprise (SOE), continues to uphold the mandate of the Constitution to be a driver of the national economy to support the vision of creating an advanced Indonesia. National economic progress must be supported by strong and independent management of energy resources.

Eight Indonesian engineers were part of the team that discovered natural gas reserves off Turkey’s Black Sea coast. President Recep Tayyip Erdoğan announced last week the discovery of the 320 billion cubic meters (bcm) of natural gas. The gas field is expected to start operations in 2023, the 100th anniversary of the Turkish Republic.

PETALING JAYA: The government’s proposal to shift from a blanket fuel subsidy mechanism to a targeted one will lead to higher inflation, claims former prime minister Najib Razak. In a Facebook post, he said that the government should not introduce major economic policy changes at a time when inflation forecasts are still high, stating that […]

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 […]

While it was initially hamstrung by the niggling health crisis, Aboitiz Power Corporation indicated that it will still advance its planned investment expansion in the Southeast Asian region – specifically in Vietnam, Indonesia and Myanmar.

Aboitiz Power Corp. has been on a pivot toward renewable energy and away from coal-based electricity generation—even before the Department of Energy (DOE) announced a moratorium on greenfield coal projects—and is now even considering natural gas as an added boost for recovery from the pandemic.

Six months into the COVID-19 pandemic, major energy players AC Energy and Pilipinas Shell Petroleum corporation look forward to emerging from the economic effects of the crisis.

The ADB has announced the first drawdown of funds under a $305m financing package for Indonesia’s largest combined-cycle gas turbine power plant. The project in Karawang, West Java, will be one of the first and largest projects in Indonesia to use liquefied natural gas (LNG) in a 1,760-megawatt power station. “ADB is a partner of […]

The Asian Development Bank (ADB) has signed a $227.7m loan deal with Gulf SRC Company to build a 2,500MW combined cycle power plant (CCPP) in Thailand’s Chonburi Province. Established in 2012, Gulf SRC builds and operates power plants and is completely owned by Independent Power Development, a joint venture (JV) between Thailand-based power generation company […]