India cuts tax on palm oil imports; Malaysia to benefit the most
Mumbai INDIA has cut import taxes on crude and refined palm oil from South-east Asian countries after a request from suppliers, a government notification said. The reduction will lead to higher imports of palm oil by the world’s biggest edible oil buyer in coming months as it would narrow the difference between the tropical vegetable […]
Going Green: Better returns from solar investments expected
Solar energy investments will be more affordable for Malaysians following the changes to the Net Energy Metering (NEM) programme, which was announced by the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) in October. From next month, residential consumers who generate solar energy for their own use under the NEM programme can sell […]
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 […]
Some poor folk may lose out
KUCHING: A thorough study should be undertaken by the relevant federal ministries to address the impact from the implementation of the new RM40 electricity bill rebate, set to take effect as of Jan 1 next year. Minister of Utilities Dato Sri Dr Stephen Rundi Utom said the new policy, slated for replacing the current consumption-based […]
Malaysian investors keen to invest in hydropower sector of KP
Zainal Abidin Bin Abdullah, Chairman M/s WAZAN Corporation, Malaysia led a four-member delegation to meet Syed Zain Ullah Shah, CEO Pakhtunkhwa Energy Development Organization (PEDO), Peshawar and his team. The Meeting was organized by the Board of Investment, IFC, Peshawar at the conference hall of PEDO, Peshawar and was chaired by CEO PEDO. The meeting […]
Energy project changes the lives of interior folks
Kota Kinabalu: IRENE Kodoyou is one of the few hundreds of indigenous natives living in remote rural areas in Sabah who grew up without seeing a light bulb, not until about a decade ago.For everyone else in urban areas, her experience may be hard to imagine because electricity is often taken for granted. They have […]
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 […]
Norway ready to restart negotiation on Efta with Malaysia
Kuala Lumpur: Norway is ready and willing to restart negotiations with the Malaysian Government on the European Free Trade Association (Efta), says Norwegian Ambassador to Malaysia, Gunn Jorid Roset (pic).She said although there was no formal negotiation based on several meetings with Malaysian officials, there were positive attitudes on both sides where Norway had expressed […]
TNB’s power plant achieves national grid connectivity
KUALA LUMPUR: Unit 1 of Jimah East Power Sdn Bhd’s coal-fired power plant in Port Dickson, Negeri Sembilan, successfully achieved its first synchronisation on Dec 10. Jimah East Power is a 70 per cent subsidiary of Tenaga Nasional Bhd (TNB). TNB said the first synchronisation means the generator of Unit 1 had been synchronised to […]
Petronas LNG purchase deal with Cheniere to support sixth train at Sabine Pass
Houston — Malaysia’s Petronas will buy LNG from Cheniere Energy under a 20-year agreement that will support building a sixth liquefaction train at the exporter’s Sabine Pass terminal in Louisiana. The long-term offtake deal for approximately 1.1 million mt/year of LNG will be shipped on a free-on-board basis beginning following the date of first commercial […]