Indonesia sees product demand up 160,000 b/d by 2026
Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need for imports. Indonesia imported 24.7mn kilolitres (425,000 b/d) of oil products last year, meeting 33pc of demand. Its domestic refineries accounted for other two thirds of requirements, with output of […]
Virus-hit Indonesian thermal coal prices could start slow recovery in Q3: sources
Singapore — Indonesian thermal coal prices, which are grappling with the economic fallout from the coronavirus pandemic, could start to slowly recover from September onwards as market sentiment improves and demand picks up, sources told S&P Global Platts June 5.
Single-axis bifacial PV offers lowest LCOE in 93.1% of world’s land area
A group of scientists from the Solar Energy Research Institute of Singapore has showed that combining bifacial panels and single-axis trackers is the best way to achieve the lowest levelized cost of energy in solar power projects based on crystalline silicon technology. In the study Global Techno-Economic Performance of Bifacial and Tracking Photovoltaic Systems, published in Joule, the […]
Indonesia’s APBI urges coal royalty payment flexibility
The Indonesian coal mining association (APBI) is lobbying the government to ease royalty payment requirements for coal mining companies amid a weakening demand outlook because of the global Covid-19 pandemic. The group, which represents the country’s coal producers, is requesting that the energy ministry revises its ministerial decree on guidelines for the implementation of the imposition, […]
All Singapore pump prices down after SPC’s two-week standoff
[SINGAPORE] All pump operators have adjusted their prices downwards since Esso and Shell reduced rates by around three Singapore cents last Friday. Caltex and Sinopec responded to that reduction last Saturday. Their 92 and 95-octane petrols are now S$1.95 and S$1.99 per litre before discount respectively, according to Fuel Kaki, a pump price tracker managed by […]
Myanmar: Power System Efficiency Project Brings Country Closer to Universal Electricity Access
The World Bank’s Board of Executive Directors today approved a $350 million credit from the International Development Association (IDA) to increase the output and efficiency of power generation and improve the resilience of Myanmar’s electricity system to climate change and disasters. The Board also approved $110 million in additional financing for the Essential Health Services […]
Indonesia’s Pertamina to develop Cilacap refinery without Aramco
JAKARTA, May 29 (Reuters) – Indonesia’s PT Pertamina will develop its Cilacap refinery in Central Java “independently”, the state energy company said on Friday, dropping a plan to boost capacity through a joint venture with Saudi Aramco. The two companies have been in talks to upgrade the Cilacap refinery since 2016 and last year said that […]
BlackRock Warns Korea’s Power Giant on Overseas Coal Plant Push
(Bloomberg) — BlackRock Inc. has challenged Korea Electric Power Corp. over plans to invest in new coal-fired power plants in Vietnam and Indonesia. The world’s top asset manager raised concerns over “several controversial coal projects” with a South Korean utility, including in meetings in the first quarter, it said in a report last month. BlackRock “contacted […]
