Singapore will update climate projections no earlier than 2021: MEWR
SINGAPORE — To do more to limit global warming, Singapore can reduce the use of natural gas for its energy needs, boost the efficiency of buildings and transportation, and share environmental solutions with counterparts in South-east Asia, experts in the field said. Their comments came in the wake of a new report by a United […]
Winners and losers among Singapore companies in current oil surge
BRENT crude oil prices are up more than 30 per cent this year and holding – but it won’t be a case of a rising tide lifting all boats. While the rally stirs hope for investors tracking the oil and gas sector, high oil prices are a concern for consuming companies in the aviation and […]
Leviste’s ‘low’ electricity rates questioned
A GROUP of solar energy developers has stepped up its opposition to the nationwide franchise being sought by Solar Para Sa Bayan Corp. as it questioned the “low” electricity rates company owner Leandro L. Leviste claimed to offer. In a statement, Philippine Solar and Storage Energy Alliance (PSSEA) said the cost of electricity being offered […]
Jonan: Indonesia Commits to Implement Clean Energy
JAKARTA, NNC – Indonesia Minister of Energy and Mineral Resources Ignasius Jonan onTuesday (10/09) received the visit of the Minister of Foreign Trade and Development of Finland, Anna-Mari Virolainen. The meeting was then followed by the 2018 Indonesia-Finland Business Seminar. During this visit, Finland brought business delegates representing various sectors. Jonan revealed that the long-term cooperation […]
Analysis: Malaysia’s Petronas gears up for new investment cycle
RAPID refinery completion will free MYR15-20 billion/year capex Oil price rebound allows Petronas to start new investment cycle Petronas spends MYR30 billion/year just to maintain reserves. Singapore — Malaysia’s national oil company Petronas is poised for its next wave of investments, in line with the recent final investment decision on the LNG Canada project, as […]
Singapore banks need to warm up to renewable energy financing
THE launch in South Korea on Monday of the Intergovernmental Panel on Climate Change (IPCC) report on avoiding runaway global warming hammered home some stark realities about the need to rapidly address climate change. The report stated that keeping warming to 1.5 rather than two degrees could save 10 million people from losing their homes […]
Indonesia says looking at converting old oil refineries into biofuel plants
NUSA DUA, Indonesia (Reuters) – Indonesia is looking into converting two of the country’s older crude oil refineries into plants for producing biofuels, a cabinet minister said on Tuesday. The government is conducting a study with Italian energy company ENI, which has successfully converted one of its refineries to the production of biofuels, Rini Soemarno, […]
First Philippine floating solar farm launched
Floating solar farms are more technically efficient than ground-mounted projects because the cooling effect of the surrounding water on the panels makes the panels produce more energy. As an archipelago with bodies of water, the Philippines has a huge potential for floating solar farms. According to a recent report, a 10 kilowatt-peak (kWp) floating solar […]
INFOGRAPHIC: Natural gas and the Philippines’ rising power demands
MANILA, Philippines – As consumption rates continue to rise and the government’s massive infrastructure program gets underway, one thing is clear: the Philippines’ demand for power will be higher than ever. Can our existing energy mix sustain this growth? Based on latest figures, up to 50% of our energy comes from coal-fired power plants. At […]
Challenges in Coal Supply for Thermal Power Production
As thermal power accounts for the largest proportion of Vietnam’s energy production, the country is facing challenges to ensure sufficient supply of coal for thermal power plants in the coming years. According to President of the Vietnam Association of Thermal Science and Technology Truong Duy Nghia, coal-fired thermal power has dominated the country’s energy market, […]