UAE firms encouraged to expand investment in Vietnam
Hanoi (VNA) – The Vietnamese Government will create favourable conditions for Mubadala Petroleum and other enterprises of the United Arab Emirates (UAE) to invest and expand business in Vietnam, said Deputy Prime Minister Trinh Dinh Dung. Dung made the pledge at a reception in Hanoi on October 17 for Naser Al Hajri, Mubadala Petroleum’s Senior […]
Singapore’s Pavilion Energy signs long-term LNG charter deal with BW
SINGAPORE, Oct 22 (Reuters) – Singapore’s Pavilion Energy has signed an agreement with commodities shipper BW Group for the long-term charter of two newly built liquefied natural gas (LNG) vessels, the company said on Monday. The 173,400 cubic metre vessels, expected to be delivered between 2019 and 2020, will add to Pavilion’s global portfolio and […]
Indonesia does not need to import gas until 2027 at current demand growth rate, says official
Indonesia’s average gas demand growth over the last five years was about 1.1 per cent, Arcandra Tahar told a panel session at the Singapore International Energy Week conference SINGAPORE: Indonesia will not need to import any gas until at least 2027 if its average gas demand growth rate is maintained at just over 1 per […]
US firms offering LNG supply to PH
Several American gas-producing companies are offering liquefied natural gas (LNG) supply to the Philippines as the country contemplates a technology reset process for its gas market. The LNG supply offer was channeled through Energy Secretary Alfonso G. Cusi during his bilateral meeting with the US Business Council on the sidelines of last week’s ASEAN Ministers […]
Gas Malaysia-Tokyo Gas JV commissions gas engine plant
KUALA LUMPUR (Oct 17): Gas Malaysia Bhd announced today the successful commissioning of its second gas engine co-generation plant operated with its joint venture partner Tokyo Gas Engineering Solutions Corp. The joint venture company, Gas Malaysia Energy Advance Sdn Bhd (GMEA), is owned 66% by Gas Malaysia and 34% by Tokyo Gas. In a stock […]
Interview: AIIB allots half of $6 billion loans to energy projects, says no longer China policy tool
Singapore — The Asian Infrastructure Investment Bank is no longer a policy tool tied to Beijing’s Belt & Road Initiative and has committed nearly half of its $6 billion loans to energy projects ranging from power plants to natural gas pipelines, Pang Yee Ean, Director General of Investment Operations at AIIB, said in an interview […]
Indonesia extends three energy contracts, opens third bidding round
JAKARTA, Nov 6 (Reuters) – Indonesia has decided to award 20-year contract extensions from 2022 to three existing oil and gas block operators, Deputy Energy Minister Arcandra Tahar said late on Monday. These were: * Tarakan block, awarded to operator Medco Energi Internasional unit Medco E&P Tarakan, with a 100 percent participating interest * Coastal […]
IDEAS: Gas price normalisation important to drive sector’s growth
KUALA LUMPUR (Nov 8): The process of normalising gas prices between the domestic market and global prices is a critical step towards driving Malaysia’s gas production activities, said IDEAS senior fellow Prof Renato Lima de Oliveira. The normalisation, which is currently ongoing via the gas cost pass through (GCPT) mechanism, will make domestic sales profitable, […]
SK E&S sells 49% stake in Seoul natural gas plant to Thailand’s EGCO for $779.1m
It will fund new natural gas power plants in South Korea. South Korean power generator SK E&S Co. will sell a 49% stake in Paju Energy Service Co., the operator of a natural-gas power plant near Seoul, to Thai utility EGCO for $779.1m. Yonhap News reports that SK E&S Co. will use the proceeds from the […]
UPDATE 1-Petronas’s Kebabangan gas field to return to full capacity by August
KUALA LUMPUR, Nov 23 (Reuters) – Malaysia’s Petronas said on Friday production at the Kebabangan gas field in the eastern state of Sabah was expected to return to full capacity by August 2019 following disruption caused by a gas leak at an associated pipeline. The problem was caused by a leak from the Sabah Sarawak […]