HÀ NỘI — Increasing energy efficiency together with developing renewable energy is critical for Việt Nam to ensure energy security, according to expert. This was highlighted at a workshop on energy security in the context of climate change during the Việt Nam Economic Forum held by the Central Economic Commission yesterday in Hà Nội. Nguyễn […]

JAKARTA, Jan 17 (Reuters) – Indonesia’s state-owned energy company, Pertamina, expects to sign a production sharing contract for the Rokan oil block this month, after paying a $784 million signature bonus for its bid in December, a company director said. Indonesia’s energy ministry announced in July that Pertamina will take over operation of Rokan, the […]

Construction of power infrastructure — chiefly coal-fired power plants — will remain the primary driver of growth in Indonesia’s energy and utilities sector for the near future, said Fitch Solutions Macro Research in a Jan 16 report. However, there are risks that power projects may be postponed due to the country’s widening current account deficit and a weakening […]

THE GOVERNMENT is looking to expand the list of environmental projects eligible for financing via the issue of so-called “green bonds.” “Government is looking at expanding the coverage of the ASEAN (Association of Southeast Asian Nations) Framework for Green Bonds to cover such sectors as transportation, infrastructure, and commercial banking. We hope to mainstream access […]

KUALA LUMPUR: A survey by business consulting firm Frost and Sullivan has found a latent demand for electric vehicles (EVs) in Malaysia. Associate partner and senior vice president of mobility Vivek Vaidya said the survey found that Malaysians have a good understanding of EV technology and prices compared to conventional vehicles, as well as EVs’ […]

THE Department of Energy (DOE) has received 331 applications from industry stakeholders seeking the certification of their power projects as “energy projects of national significance [EPNS].” As of January 11, the DOE said in its website that 293 applications were accepted while 38, or 11 percent, were notified of their noncompliance as to form or documentary […]

KUALA LUMPUR (Jan 16): Barakah Offshore Petroleum Bhd’s unit has won a five-year contract to service Petrofac (Malaysia-PM304) Ltd’s oil and gas fields offshore peninsular Malaysia. In an exchange filing today, the group said the contract, awarded to its wholly-owned subsidiary PBJV Group Sdn Bhd for the years 2018 to 2023, includes Pan Malaysian maintenance, […]

JAKARTA: * Exxon Mobil Corp unit Exxon Mobil Cepu Limited is expected to produce 216,000 barrels per day of crude oil in 2019, making it Indonesia’s biggest oil producer, the country’s upstream oil and gas regulator (SKKMigas) said * In second place Chevron Corp unit Chevron Pacific Indonesia is expected to produce 190,000 bpd of […]

State-owned electricity firm PLN is set to acquire coal mines as part of its plan to secure 40 percent of the coal demand for its power grid – which last year absorbed 95 million tons of coal – by 2023. PLN president director Sofyan Basir said that by 2023 coal demand for the company’s thermal […]

State-owned mining holding company Indonesia Asahan Aluminium (Inalum) president director Budi Gunadi Sadikin has said the revenue that the state will receive from gold and copper miner PT Freeport Indonesia (PTFI) will increase to US$1.8 billion in 2022, from $180 million in 2018. In 2019 and 2020, there will be no revenue from the company because […]