HANOI/TOKYO — Vietnam’s Petrolimex has unveiled plans to open its first liquefied natural gas import terminal, following in the footsteps of fellow state-run energy group PetroVietnam, as the pair work to diversify energy supplies to fend off a chronic power shortage in the Southeast Asian country.

The Department of Energy (DOE) said the increase in LPG prices has been generally attributed to the rise in contract prices in the world market. As of press time, the LPG industry players that have already sent notifica­tions on the price increase include lead­ing player Petron Corporation, effective 12:01am on March 1 (Friday) for its […]

With energy demand growing nearly 8 per cent last year, Vietnam faces significant power supply challenges, Ms. Mary Tarnowka, US Consul General in Ho Chi Minh City, told the seminar. Over the next three years, southern provinces may face shortfalls of 1.2-1.6 billion kWh each year and have been tasked with building 16 additional thermal […]

SINGAPORE: French data firm Kpler and energy exchange Powernext plan to launch a trading platform for liquefied natural gas (LNG) in Singapore this year, company executives told Reuters, joining a run of firms capitalising on growing spot volumes. The move comes amid a surge in supply of the super-chilled fuel, along with healthy demand, which has […]

Vietnam Economic Times reported that the Gulf is asking the Ninh Thuan provincial People’s Committee for in-principle approval to the implementation of two projects, including a liquified natural gas (LNG) re-gasification terminal and a Ca Na LNG-fired power plant complex. This complex is set to gather four power plants with a combined capacity of 6,000 […]

MANILA, Philippines — The local unit of energy giant Royal Dutch Shell wants to conduct further exploration work near the Malampaya deepwater gas-to-power project, which is a potential large gas resource. With the new prospects, Shell indicated that the gas supply could be extended to 2029 to 2030, said Sen. Sherwin Gatchalian, head of the […]

* PetroChina International started its first gas station in Myanmar by late March, marking the energy firm’s entry into the Southeast Asian country’s retail fuel market, parent company China National Petroleum Co (CNPC) said on Friday * The gas station in Yangon is a joint venture between PetroChina International’s Singapore unit and a local Myanmar […]

KUALA LUMPUR: Rubber glove manufacturers have called on Gas Malaysia Bhd and Tenaga National Bhd (TNB) to revise the natural gas tariff to be in line with the international prices of liquefied natural gas (LNG) and coal. The Malaysian Rubber Glove Manufacturers Association (Margma) said it is expecting a substantial drop in natural gas price […]

MANILA, Philippines — Pangilinan-led PXP Energy Corp. and Dennison Holdings Corp. of Dennis Uy have mutually agreed to cancel their potential teamup in the country’s liquefied natural gas (LNG) sector. The mutual termination of agreement, which took effect yesterday, comes two days before the March 31 deadline to settle the entire subscription price, PXP Energy […]

FOR most of the first quarter, the price of liquefied natural gas (LNG) has been languishing at less than US$3 per million British thermal unit (mmBtu), lower than the past six-month average of US$3.30. The low price was driven by the huge supply coming from Australia and the US, as well as lower-than-expected demand as […]