Since sanctions by the United States (US) and European Union (EU) were lifted, Myanmar has enjoyed relatively strong economic growth. According to the Economist Intelligence Unit (EIU), Myanmar’s economy has grown at an average of 7.5 percent between 2012 and 2017. Its economy is slated to accelerate further, driven by a spike in private and […]

The oil and gas sector is looking exciting this year, with opportunities emerging from an international tender scheduled to take place early this year for the first time since 2014. In addition to onshore and offshore blocks, the tender is expected to include work in “Improved Petroleum Recovery” blocks at older oil fields in Myanmar. […]

Solar project developer Scatec Solar, along with its partners has closed the financing for a 47 MW Redsol project in northwest Malaysia with a total investment of approximately $47 million. BNP Paribas will provide the non-recourse project finance facility for the project, covering 73 percent of the project cost. The solar power plant is expected […]

JAKARTA: Indonesian state energy company PT Pertamina has signed deals to purchase crude oil produced from domestic fields by Chevron Corp, PetroChina and others, a company source familiar with the matter said. Purchases will start this month, including from other contractors such as Petrogas and Saka Energi Indonesia, the person said on Friday, without disclosing […]

THE local unit of Australia’s Energy World Corp. Ltd. (EWC) has taken the lead in the race to build an integrated liquefied natural gas (LNG) facility in the Philippines as its proposal has been cleared by the Department of Energy (DoE). In a letter dated Jan. 2 to the Australian Securities Exchange, EWC said DoE […]

First Gen Corp. has renewed a contract with food firm General Milling Corp. (GMC) related to the supply of electricity sourced from renewable energy. First Gen said that under the new contract, the Lopez-led firm would provide GMC’s factory in Lapu-Lapu City with electricity coming from Energy Development Corp. (EDC), First Gen’s renewable energy arm. […]

Criteria for building a green and smart urban area for Hanoi include smart economy (competitive economy), smart mobilization (convenient transportation system – good technical infrastructure), smart residents (city with abundant and high-qualified human resources), smart environment (good living environment, natural resources reasonably used and preserved), smart urban management (e-government), good quality of life (all needs […]

The National Load Dispatch Centre under the Electricity of Viet Nam (EVN) has just announced it is considering reducing the volume of electricity transmitted from all solar plants into the national grid to deal with overloaded transmission lines. The move would force all solar power plants to reduce their production below capacity, causing significant damage […]

The Energy Department officially recommended to the Department of Foreign Affairs the lifting of the moratorium on oil and gas exploration in the West Philippine Sea amid the enhanced relations between China and the Philippines, officials said. Energy Resource Development Bureau director Ismael Ocampo said the recommendation was submitted to the DFA, on the request […]

Waste to energy operator, China Jinjiang Environment Holding Company Limited, has obtained shareholders’ approval for, and is pushing ahead with, an Engineering Procurement and Construction (EPC) agreement to construct a pilot, “first-of-its-kind” Mechanical Biological Waste treatment project in Singapore. The MBT project, which has a waste treatment capacity of 500 tonnes per day, was initiated […]