Singapore oil trader Hin Leong meets banks over finances: sources
Singapore oil trader Hin Leong held a call with creditors on Tuesday after banks failed to provide a letter of credit to the trading firm to purchase at least one cargo of oil products due to load this month, four sources said.
‘No plan’ to reduce electricity bills nationwide
Despite the reduction of electricity tariffs for factory workers suspended due to the COVID-19 pandemic, the Electricity Authority of Cambodia (EAC), the autonomous government agency responsible for managing and administering electric power in the country, has said that “a general plan for electricity bill reduction has yet to be raised.”
Singapore firm drops LNGL takeover bid
A Singapore-based private investment company has dropped its proposed takeover of an Australian liquefied natural gas company with a planned LNG project in Louisiana, Kallanish Energy reports.
Energy consumption reeling from COVID-19, MCO
The fallout from COVID-19 has resulted in a significant impact on various sectors across the board, especially energy consumption, as the economy is operating at only about 45 per cent capacity amid the Movement Control Order (MCO) that grips the country.
Free electricity for March and April for low-income households
Power distribution utilities will no longer charge households whose monthly electricity use fall below 50 kilowatts per hour for the March and April billing periods, the Inter-Agency Task Force for the Management of Emerging Infectious Diseases announced on Wednesday.
Viet Nam News Economy Ministry approves 10 per cent to power bills cut
Businesses and households will enjoy a 10 per cent cut to their power bills in the next three months to ease the impacts of the COVID-19 pandemic
Sembcorp launches renewable energy certificate aggregator platform
Sembcorp Industries has launched a renewable energy certificate (REC) aggregator platform backed by its renewable power capacity in China and South-east Asia, the conglomerate said on Tuesday (April 14).
Indonesia caps gas prices at $6/mmBtu for key industries
Indonesia has capped gas prices for seven industries in a bid to boost economic growth, the country’s Energy and Mineral Resources Ministry said in a statement on Tuesday.
