Three government-approved LNG import terminal projects in the Philippines are expected to begin commercial operations in early 2023, marking the birth of the country’s liquefied natural gas industry, a senior energy official said on Tuesday.

THE Department of Energy (DOE) and the University of the Philippines Statistical Center Research Foundation Inc. (UPSCRFI), through its Gas Policy Development Project (GPDP), have completed the Natural Gas Development Plan (NGDP) that would help guide regulators, policymakers, and investors on the development of the Philippine Downstream Natural Gas Industry (PDNGI).

Thailand and Cambodia have agreed to resume talks on their overlapping claims in waters in the Gulf of Thailand after years of silence, as they look to ease the pain of higher energy costs by developing new oil and gas resources.

Marine fuel sales in Singapore, the world’s largest bunkering hub, remained healthy in August due to lower oil prices that attracted more ships to refuel here.

Singapore bunker sales in August totalled 4.12mn t, up by 1.1pc or 45,000t from the same month last year and stable compared with the previous month.

Davao City Representative Paolo Duterte and several other lawmakers have filed House Bill No. 4097 which aims to put in place a regulatory framework that will aid the transition of the country’s emerging natural gas industry to a fully developed sector.

Thailand will extend a tax cut on the nation’s most-used fuel and subsidize electricity bills of some users to shield consumers from higher oil prices amid a forecast that the nation’s sticky inflation may stay above the central bank forecast next year.

First Gen has reported that its delayed liquified natural gas (LNG) import project in the Philippines will finish construction by the end of Q1 2023.

Woodside Energy Trading Singapore has entered into a flexible long-term sale and purchase agreement (SPA) with Uniper Global Commodities SE (Uniper) for Woodside to supply LNG from its global portfolio into Europe.

Motorists will get a slight reprieve from the successive major pump price hikes this week, as oil firms announced a rollback. In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp. and Seaoil Philippines Inc. said they will cut down prices per liter of gasoline by P2.60, diesel by P1.55, […]