Govt Formulates Fuel Subsidy Adjustment Scheme, Says Minister Luhut
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said that the government is formulating a price adjustment scheme to reduce the burden of fuel subsidies and compensation in the state budget.
Experts forecast resumption of overlapping claim area talks
Energy experts say Thailand and Cambodia will resume talks to settle their dispute on an overlapping claim area (OCA) in order to jointly benefit from a new petroleum source and relieve the impact of energy price fluctuations.
Fuel prices seen to go up next week
After seven straight weeks of price rollbacks, motorists shall brace for an increase in the pump prices of petroleum products in the coming week. Citing oil trading in the past four days (August 15 to 18), an oil industry source told GMA News Online that the price per liter of diesel may increase by P2.00 […]
Myanmar Junta Set To Import Russian Gas & Oil In Order To Address Supply Concerns
In an attempt to address the supply concerns and rising prices, Myanmar’s military-run government has decided to import gasoline and fuel oil from Russia. This comes amid the growing energy crisis across and world owing to the European sanctions on Russia for its invasion of Ukraine. According to reports, the Myanmar administration has also formed […]
Petronas: VFP approves RM1.6bil funding as of July 2022
The Petronas Vendor Financing Programme (VFP) continues to make positive impact on the industry with more than 260 applications and RM1.6 billion worth of funding approved as of July 2022.
Myanmar’s Supply Chains Break Down Amid Fuel Shortages
Amid serious fuel shortages and price hikes across Myanmar, businesses say they will soon halt operations unless availability improves.
Indonesia plans fuel price hike to control ballooning subsidies: reports This article was published in thejakartapost.com with the title “Indonesia plans fuel price hike to control ballooning subsidies: reports
The government plans to hike fuel prices to control ballooning energy subsidies, media reported on Monday, citing comments from Energy and Mineral Resources Minister.
PetroVietnam rolls out measures to facilitate energy transition
Despite various difficulties, the Vietnam National Oil and Gas Group (PetroVietnam) has rolled out measures to keep operations buoyant in the current situation and to engage in energy transition based on the future of the industry.
DOE sets ‘corrective policies’ to lure fresh oil exploration investments
The Department of Energy (DOE) will re-take “baby steps” and will push for “corrective policies” to entice fresh capital flow in the country’s upstream oil and gas sector, especially in areas not encumbered by territorial disputes.
THAI GAS OUTPUT TO REMAIN ON A DOWNWARD TREND: FITCH SOLUTIONS
Thailand’s natural gas production is forecast to remain on a downtrend over the next decade owing to continuous output declines at the Erawan gas field, in the Gulf of Thailand, Fitch Solutions said in a report on August 8. This will leave little choice but for the country to become more dependent on costlier imports.