More firms setting up LNG desks in Singapore: trade minister
SINGAPORE: More firms have set up liquefied natural gas (LNG) desks in Singapore to capitalise on growing demand for gas in Asia, the city-state’s trade minister told a virtual conference on Monday. Singapore currently has over 50 companies with an LNG trading or business development presence in Singapore, trade minister Chan Chun Sing told the Gastech […]
Gastech returns with Virtual Summit
Gastech has made its return to the events stage, in a virtual guise, as the world’s leading event for the gas, LNG and energy industry began with an exploration of the latest commercial strategies and trends for these sectors yesterday. The Gastech Virtual Summit 2020 is being held in place of the Gastech exhibition and […]
Petronas: Easier access to cleaner energy with virtual pipeline system
KUALA LUMPUR: As part of the company’s latest customer-centric solution to facilitate the growth of cleaner energy use across Peninsular Malaysia, Petronas recently launched the Virtual Pipeline System (VPS) solution via the Regasification Terminal (RGT) in Pengerang, Johor.
Thailand to slash stockpile of crude palm oil
BANGKOK (Sept 8): Thailand’s cabinet has approved plans to reduce the country’s huge crude palm oil (CPO) stockpile to shore up domestic price. Deputy government spokesperson Ratchada Thanadirek said the cabinet, chaired by Prime Minister General Prayuth Chan o-cha today approved the National Palm Oil Policy Committee’s proposal to export 300,000 tonnes of CPO by March […]
Weak demand, govt incentives drive PGN profit down 88 percent
Gas distributor PT Perusahaan Gas Negara (PGN) saw its net profit fall 87.6 percent year-on-year (yoy) to US$6.72 million in the first half of the year as a result of weak energy demand and government gas incentives. The publicly listed company’s revenue fell by 17.9 percent yoy to $1.47 billion in the January-June period, dropping […]
Petronas to deepen push into RE after posting RM21b loss
PETROLIAM Nasional Bhd (Petronas) is looking to expand its renewable-energy (RE) portfolio, after posting a RM21 billion loss due to weak oil prices and sluggish demand amid the Covid-19 pandemic. Its president and group CEO Tengku Muhammad Taufik Tengku Aziz (picture), who took the helm in July this year, categorised the current state of the oil and […]
The Strategic Significance of Vietnam-US Oil and Gas Cooperation
As a fast-growing economy, Vietnam’s demand for energy is projected to increase by between 8.5 and 9.5 percent annually over the next five years. Together with the need to reduce its dependence on coal-fired power plants, this has led Vietnam to explore alternative energy sources. In addition to investing in renewable energy, Vietnam is also seeking […]
Bursa energy gauge retreats after US crude oil slips below US$40/barrel
KUALA LUMPUR (Sept 7): Bursa Malaysia’s energy index settled down more than 1% at afternoon break today after US crude oil prices slipped below US$40 a barrel on Friday before extending losses today as investors weighed factors including the impact of the Covid-19 pandemic on demand for the commodity and Saudi Arabia’s price cuts for […]
