Energy World revives talks with lenders for Pagbilao project funding
THE local unit of Australia-listed Energy World Corp. Ltd. (EWC) has revived talks with lenders to finance the completion of its 650 megawatt (MW) combined cycle gas-fired power plant after it has received certification from the government that the project is one of national significance. “We are in the process of finalizing the project funding […]
Shell focuses on finding new Malampaya gas field
Shell Companies in the Philippines is pushing for more oil and gas exploration to find another Malampaya gas field, instead of putting up an import terminal for liquefied natural gas. “The economic question in LNG, if those who will use it are the existing ones we have, which are around 3 gigawatts of capacity, then […]
Gas Malaysia gets EC’s nod for higher natural gas tariff for non-power sector
PETALING JAYA: has announced that the Energy Commission has approved higher natural gas tariff for the non-power sector in Peninsular Malaysia, from Jan 1 to June 30.While the higher tariff would be a boon for Gas Malaysia, businesses in Peninsular Malaysia should brace for higher cost of operations. Higher gas tariff would increase cost for […]
DoE asks Tanglawan to bankroll LNG project in 6 months
The Energy Department on Wednesday asked Tanglawan Philippine LNG Inc. to comply with the conditions of the notice to proceed with its $2-billion liquefied natural gas project within six months. “There is a provision [in the NTP] that there are still papers still to be submitted. One of the big milestones there is their seriousness […]
Malaysia’s Petronas acquires 10% stake in Oman gas field
Singapore — Malaysia’s state-run oil and gas company Petronas has completed the acquisition of a 10% stake in a gas field in onshore Oman from Oman Oil Co Exploration & Production or OOCEP. The acquisition was made by Petronas’ subsidiary PC Oman Ventures Ltd or PCOVL in Block 61 from Makarim Gas Development, a subsidiary […]
PGN connects over 5,000 households in Banten to gas network
State-owned gas subholding company PT Perusahaan Gas Negara (PGN) has announced that it has completed its gas pipeline network project to distribute natural gas to households in Serang, Banten. PGN president director Gigih Prakoso, said the gas network project, funded through the state budget, would help reduce imports of liquefied petroleum gas (LPG). “PGN will […]
Rising Energy Demand Could Be A Boon For The Philippines
In January Energy World Corporation (EWC) announced it had been given final approval by the Department of Energy (DoE) under their new regulations to build the country’s first LNG import terminal and regasification facility, which is under construction on Pagbilao Grande island in Quezon. The Australia-headquartered company – which also operates in its home market […]
Will lower LNG prices bring down local energy costs?
FOR most of the first quarter, the price of liquefied natural gas (LNG) has been languishing at less than US$3 per million British thermal unit (mmBtu), lower than the past six-month average of US$3.30. The low price was driven by the huge supply coming from Australia and the US, as well as lower-than-expected demand as […]
Power Surge
In the past few months, Thailand has seen a rapid growth in independent solar power producers that are using blockchain-enabled technology to trade electricity between themselves. Blockchain, the distributed ledger technology that underpins bitcoin currency, offers a transparent way to handle complex transactions between users, producers, and even traders and utilities. It has been revolutionising […]
Philippine regulator opposes net metering expansion
The Philippines’ Energy Regulatory Commission (ERC) has said the removal of the 100 kW cap for solar installations under net metering would be difficult for the nation’s grid to accomodate. Meanwhile, a proposal to raise the threshhold is being discussed in the country’s Senate. The Department of Energy (DOE) has issued a statement announcing that […]