Vietnam cuts ethanol import tariffs from 10 July
Vietnam will lower tariffs on ethanol imports to 15pc for all grades from 10 July, though fuel ethanol trade seems unlikely to increase. The change cuts tariffs from 17pc for 100pc pure ethanol and 20pc for 99pc or below for any country that does not have a free trade agreement with Vietnam.
Energy ministry’s budget cut by a third to Rp 6.2 trillion
The Energy and Mineral Resources Ministry is cutting back on program funding after its annual budget was slashed by more than a third to Rp 6.2 trillion from Rp 9.7 trillion as the government diverts funds for COVID-19 containment. The largest cut is slated for oil and gas programs at 52 percent, lower than initially planned. This […]
Myanmar enters LNG importing arena
Myanmar has become the newest country to start importing liquefied natural gas (LNG), as the fuel is adopted as the fastest solution to recent power shortage and increased power demand. The Asian nation received its first LNG cargo on June 6. The small-scale, 0.6 billion cubic feet (Bcf) LNG vessel arrived at the industrial port of Thilawa, southwestern Myanmar. […]
Energy ministry expects oil and gas lifting to reach 1.91 million boepd in 2021
The government expects domestic ready-to-use oil and gas production to reach between 1.76 million and 1.91 million barrels of oil equivalent per day (boepd) in 2021, as part of macroeconomic assumptions in next year’s draft state budget.
In post-Covid Asia, countries should develop their own renewable energy capabilities
With clean energy projects experiencing delays due to the coronavirus, developing economies in the region should scale up local manufacturing and employment, said the Asian Development Bank’s energy sector chief. With developing Asia set to build fewer solar plants and wind turbines this year amid the Covid-19 crisis, the region should turn to domestic suppliers for renewable […]
Energy minister: Four million domestic users whose bills are under RM77 get three months’ free electricity supply
PUTRAJAYA, June 20 ― A total of four million or 52.2 per cent of domestic users of electricity with a monthly bill of up to RM77 or 300kWh usage will enjoy free supply for three months under the Bantuan Prihatin Elektrik scheme. Energy and Natural Resources Minister Datuk Shamsul Anuar Nasarah said the free supply […]
Indonesia working on $1b solar-driven green economic recovery scheme
A think tank and the government are working on an ambitious billion-dollar plan to recover Indonesia’s virus-ridden economy by installing thousands of rooftop solar panels.The scheme ultimately entails installing panels with a combined capacity of 1 gigawatt of peak power GWp) a year for millions of Indonesia’s poorest households over the next four to five […]
Analysis: Low gas prices not enough for Asia to move away from coal
Singapore — Record low global gas prices may have hit the appetite for coal in the Americas and in Europe, but it may do little to snatch away the fuel’s strong presence in Asia, thanks to the region’s limited scope to switch between fuels.
