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After hurdling 2018’s regulatory crisis, power industry players are ready for Year of the Pig

THE country’s power supply remained stable for the past 12 months despite a crippled Energy Regulatory Commission (ERC) that left the agency “powerless in making decisions critical to the energy sector.” “We were able to surpass all challenges. There were difficult times but we just kept on going,” commented Alfonso G. Cusi, secretary of the Department […]

Air taxis will be tested in Singapore skies next year – here are 5 things to know about the Volocopter

A man who can fly, a robotic supermarket, and now, flying taxis? We are living in the future. Volocopter, a German aviation start-up, will be putting its air taxis to test in Singapore in the second half of 2019. In a statement on Wednesday (Oct 18), Volocopter said that the air taxi trials in Singapore […]

Alternative Energy Development Plan (AEDP) 2012-2021

Amid oil price scare, minister says Malaysia not too dependent on crude revenue

KUALA LUMPUR, Nov 16 — Minister of Finance Lim Guan Eng insisted today that Putrajaya’s finances will not be affected if oil prices drop. This comes amid concerns over the commodity’s near-term prospects as uncertainties dog the global economic outlook for next year. Oil accounts for up to 14 per cent of next year’s Budget […]

An Giang offers incentives to investors in renewable energy plants

AN GIANG — The Mekong Delta province of An Giang will offer preferential policies to investors in renewable energy plants as part of its strategy on sustainable development. Investors whose projects are in production and trade, for instance, will be exempt from land lease fees for seven years and will receive other incentives, according to […]

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 […]

Analysis: Trans-ASEAN gas projects losing relevance amid the fast-paced LNG growth

An ambitious project to link Southeast Asia with a network of natural gas pipelines is losing relevance to a much faster build-out of LNG import terminals as the region leans increasingly towards seaborne supplies. The Trans-ASEAN Gas Pipeline was first conceived in the 1980s to boost the region’s energy security using Southeast Asia’s own prolific […]

Ansaldo Energia revs up energy development in Indonesia

It is willing to offer top technologies to customers in Indonesia as its power market is expected to grow at a tremendous rate. Ansaldo Energia has been active in Indonesia for over 20 years and has two recent installations in the country. It has recently completed the supply of two gas turbines in Grati Power […]

Anticipating the future to avoid sudden shocks with ICPT implementations

With the ICPT mechanism, govt can manage fuel price fluctuations should situations where fuel prices go sky-high or rock bottom occur Over the past three months, some Malaysians may have been cautiously smiling on the quiet when crude oil prices surged past the US$80 (RM336) a barrel mark. Their elation could have stemmed from their […]

Argentina announces $2.3 bln joint shale oil project with Malaysia’s Petronas

Argentina’s state-controlled energy company YPF and Malaysia’s Petronas are forming a joint venture to invest $2.3 billion over the next four years in the country’s Vaca Muerta shale oil fields, the president’s office announced on Tuesday. State-owned Petronas will have an equal stake in the project through its subsidiary Petronas E&P Argentina SA, the presidency […]