ASEAN regasification capacity to grow 77% in next decade
ingapore — The Association of Southeast Asian Nations (ASEAN) is likely to add nearly 77% in regasification capacity over the next decade as member countries build LNG import terminals to meet growing energy demand, according to data from the ASEAN Council on Petroleum. The growth in Southeast Asia’s regasification capacity will be both in terms […]
ASEAN’s first cold energy-based air separation unit opens in Rayong
BIG and PTT will open Southeast Asia’s first air separation unit that uses cold energy from the condition changing process of liquefied natural gas (LNG) late this month.
ASEAN’s insatiable demand for energy
As Southeast Asia becomes one of the fastest developing regions in the world, concerns over its energy security is fast growing. Southeast Asia has a combined population of over 600 million people and an economy worth nearly US$3 trillion. Furthermore, the World Economic Forum (WEF) forecasts that the region will become the fifth largest economy in […]
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 […]
Asia Refiners Face Battle With Fuel Glut Dwarfing Demand Rebound
(Bloomberg) — Asian refiners may have hit a brick wall in their recovery from the virus-driven slump with the rebound in fuel demand not big enough to clear a massive glut built up over the last few months. Processors are unlikely to increase operating rates much further until the surplus is cleared and margins improve, with […]
Asia urged not to build more LNG terminals
Asian countries going into liquefied natural gas (LNG) importation, including the Philippines, may face challenges in securing imported LNG and lead to stranded import infrastructure and gas-fired power plants due to the long-term impact of the Ukraine-Russia war on prices, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
Asia’s naphtha crack rises
Asia’s naphtha crack rose to $13.80 a tonne on Monday after falling to its lowest since June 18 late last week. Still, the intermonth spread, the difference between prices for second-half October and second-half November, remained in a contango structure for the second straight session after flipping into negative territory for the first time since […]
Asia’s US$350 billion gas buildout intensifies clean energy debate; allows the Philippines, Vietnam and China avoid coal energy
MANILA, April 5 (Bloomberg): Asia is pumping billions of dollars into new gas infrastructure, making the region pivotal in a debate over the role of the fossil fuel as the world aims to curb emissions.
Asian renewable investment to overtake upstream oil and gas spending in 2020 -Rystad
[SINGAPORE] Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday. Total capital expenditure in renewables will rise above US$30 billion in the region by 2020, just overtaking investment into exploration and production for oil and natural gas, the consultancy said. India, […]
Association waits for free access to oil, gas data
The Indonesian Petroleum Association (IPA) welcomes the government’s plan to revise Energy and Mineral Resources Ministerial Decree No.27/2006 to allow investors to access Indonesia’s oil and gas data for free. “We have waited for the open data policy for a long time. If it is executed, it can help investors to assess prospective areas for […]