IPA Indonesian Petroleum Association : Gas, Indonesia’s chance to meet its energy demand and boost up its industry
As its oil production continues to plummet, gas has become an opportunity for Indonesia to meet its energy demand. Therefore, gas is no longer being treated as a source of revenue for Indonesia, but as a key driver of its economy and industrial growth. Data from The Upstream Oil and Gas Regulatory Special Task Force […]
DOE steps up on learning gas market policies from US, Asian peers
With high anticipation that the Philippines will eventually have a reboot of its gas industry into a market catered to by imported liquefied natural gas (LNG), the Department of Energy (DOE) is also stepping up on its learning process when it comes to policies and regulation frameworks of the changing landscape of global gas markets. […]
Philippines, less vulnerable to Middle East conflicts
Markets were rattled when US President Donald Trump ordered a drone strike which killed Qasem Soleimani, Iran’s top general. News of the assassination caused oil prices to spike and triggered a flight to safety – gold prices jumped, US Treasuries moved higher, stocks dropped, and emerging market currencies weakened. Double whammy for the Phl The […]
Energy Demand Fueling Southeast Asia’s Emerging Oil and Gas Industry
Energy demand in Southeast Asia is rising alongside economic growth. According to the International Energy Agency (IEA), energy demand among the Association of Southeast Asian Nations (ASEAN) has grown by 80 percent since 2000. Looking ahead, the region’s energy demand is expected to grow another 60 percent between now and 2040. “Southeast Asia is set to become […]
Petronas says fire at east Malaysian gas pipeline under control
KUALA LUMPUR, Jan 13 — Malaysia’s state energy firm Petroliam Nasional Bhd, or Petronas, said today a fire on the Sabah-Sarawak Gas Pipeline in East Malaysia was under control. “Petronas confirms that a pipe rupture and a fire incident have occurred at the Sabah-Sarawak Gas Pipeline,” the company said in a statement. The incident occurred […]
Malaysia’s oil and gas giant Petronas keen on return
Malaysia’s national petroleum company Petroliam Nasional Bhd, or Petronas, is aiming to return to Cambodia to tap into a growing oil and gas sector, according to ambassador Eldeen Husaini Mohamed Hashim yesterday. Mr Eldeen Husaini met with Energy and Mines Minister Suy Sem at the ministry yesterday and afterwards the former said Petronas wants to […]
Up to 10 wells for ultra-deepwater Myanmar gas tieback
PERTH, Australia – Total/Woodside Energy’s block A-6 project in the Rakhine basin offshore Myanmar will be the country’s first ultra-deepwater development. The block covers an area close to 10,000 sq km (3,861 sq mi) in water depths of up to 2,300 m (7,546 ft). Woodside has a 40% interest in the joint venture and is the technical joint […]
Indonesia plans new gas pricing for industrial users in March
JAKARTA: Indonesia plans to unveil a new gas pricing policy for industrial customers in March in a bid to lower energy costs for manufacturers, Energy and Mineral Resources Minister Arifin Tasrif said on Thursday. Indonesia’s President Joko Widodo earlier this week asked his cabinet to come up with a strategy to lower gas prices for manufacturers to […]
