Measures to secure Singapore’s energy supply extended until end-March 2023 amid protracted global volatility
Measures put in place to enhance Singapore’s energy security and resilience will be further extended until the end of March next year, amid protracted volatility in the global energy market and the conflict in Ukraine, said the Energy Market Authority (EMA) on Thursday (Jun 16). The measures were previously extended until Jun 30.
ETWG meeting prioritizes three issues regarding global energy dynamics
The Second G20 Energy Transition Working Group (ETWG) meeting will focus on three issues — energy security, energy transition, and cooperation — as a response to the global energy dynamics. “We wish to convey to the world how the three issues respond to the current global challenges,” ETWG Chair Yudo Dwinanda Priaadi noted here on […]
China plays key role in securing energy security in Cambodia: officials, academics
China has played a crucial role in securing Cambodia’s energy security, which is a key element for socio-economic development, Cambodian officials and academics said on June 14. Ministry of Mines and Energy spokesman and director-general for Energy, Heng Kunleang, said Chinese-invested projects such as hydropower dams, coal-fired power plants, and solar power plants accounted for […]
Proactive Malaysia can ensure energy security, attract foreign investments
PETALING JAYA: With Indonesia and Thailand setting a plan of achieving net zero emissions in 2060 and 2070, respectively, Malaysia’s ambitious goal to be carbon neutral ahead of its Asean peers by 2050 is approaching relatively quickly.
Southeast Asian nations face growing energy security challenges
Southeast Asia’s reliance on fossil fuels to meet rising demand for energy is a significant vulnerability in the energy crisis. Meeting energy security and emissions goals will require countries in the region to make major efforts to improve efficiency, accelerate renewable power generation and switch to low emissions fuels, said the International Energy Agency.
Singapore energy regulator freezes new entrants, mulls rules to minimise power retailer failures
SINGAPORE’s energy market regulator is mulling tightening licensing conditions for electricity retailers that may require players to raise their physical hedging and capital positions and possibly even, provide performance bonds, after last year’s staggering spikes in spot electricity prices drove nearly half a dozen of them to close shop.
Singapore Gets 20 Proposals for Low-Carbon Power From Its Neighbors
Singapore received 20 proposals to supply it with low-carbon electricity from overseas in what could be a test case for the ability of small countries to access green power. The Energy Market Authority got bids for supply from Indonesia, Malaysia, Thailand and Laos in response to a tender that sought 1.2 gigawatts of lower-carbon electricity […]
Malaysia’s Petronas Sees Higher Demand as Focus Turns to Energy Security
Malaysian state energy firm Petronas is seeing growing demand for gas as the world lifts COVID-19 restrictions and prioritizes energy security due to Russia’s invasion of Ukraine, its chief of upstream operations told Reuters on Wednesday. Petronas, the world’s fourth-biggest producer of liquefied natural gas (LNG), has seen high demand from Europe, Japan and South […]
