ADB, Citi, HSBC, Prudential hatch plan for Asian coal plant closures: Sources

Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said.

Fuel consumption drops by 1.7%

Thailand saw its fuel consumption decline by 1.7% to an average of 136 million litres per day during the first half of this year, largely attributed to the third wave of Covid-19, says the Department of Energy Business.

Cambodia has proposed that Russian energy investors tap nation’s oil

Cambodia is turning to Russian investors after Singapore’s KrisEnergy abandoned the only operational offshore oil block in the Kingdom’s waters. Sok Khavan of the Ministry of Mines and Energy appealed to business leaders during the recent Online Business Mission of Russian Companies to the Kingdom of Cambodia. The Secretary of State pointed out that Russian […]

BGRIM debenture funds allocated to green energy drive

B Grimm Power Pcl (BGRIM), Thailand’s leading industrial energy producer with growing overseas presence, has hailed its green debentures offerings as a great success.

Duterte signs law creating Philippine Energy Research and Policy Institute

MANILA—President Rodrigo Duterte has signed into law an act creating an energy research institute in the Philippines.

Infrastructure Development of Philippines’ First LNG Import Terminal

Efforts are moving forward on the development of an LNG terminal, which is planned to be the first commissioned in the Philippines and part of a strategy to build a regional LNG hub in Southeast Asia. The project is being developed by the Atlantic Gulf & Pacific Company (AG&P), which awarded a contract for the […]

ADB, fin firms draw plan to close Asia coal-fired power plants

Financial firms, including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed up the closure of Asia’s coal-fired power plants in order to reduce the biggest source of carbon emissions, five people with knowledge of the initiative said.

EU’s new carbon scheme — how will it affect trade with ASEAN?

The European Commission on July 14 adopted a long-planned proposal for a Carbon Border Adjustment Mechanism (CBAM), a de facto levy on imported products that do not conform to the EU’s own rules on carbon emissions.

Petronas eyes $1.3B project in Alberta to export hydrogen to Asia

CALGARY — The Canadian division of Malaysia’s state-owned oil giant Petroliam Nasional Berhad, or Petronas, plans to study the feasibility of building a $1.3 billion petrochemical plant in central Alberta with the goal of exporting hydrogen to an Asian markets.

PT PLN expects doubling its geothermal capacity in Indonesia

State-owned PT PLN (Persero) stays commited on renewable energy development, one of which is working on Indonesia’s second largest energy treasure geothermal energy.