Myanmar builds a port for LNG tankers in Thilawa SEZ
The construction process of a port to dock LNG tankers to supply liquefied nature gas (LNG) for 350-megawatt LNG power plant in Thilawa SEZ is about 40 per cent finished, according to Ministry of Electricity and Energy. It is one of the electric power projects implemented by the ministry to fulfill the electricity requirement for 2020 […]
PTT urges oil reserve cut as prices collapse
In response to plunging oil prices, state-owned energy firm PTT Plc is urging policymakers to take action to cut the nation’s crude oil reserve in half as prices dip below US$30 a barrel. President and chief executive Chansin Treenuchagron said PTT will urge the government to reduce the volume of its oil reserve to 9-10 days […]
Thailand reveals LNG hub ambitions
First, it was Singapore that made bare its plans to be an LNG hub in Asia. Not to be outclassed, Thailand too has expressed its own lofty ambitions to get into the race of being Asia’s premier LNG bunker trading hub. There is plenty of reason why. According to The World Bank, more than 70% of […]
Local energy shares free fall
Local energy shares nosedived by more than 20% following a historic collapse of oil prices amid the price war tension jumpstarted by Saudi Arabia, setting the tone for another week of bear market for Thailand’s main equity benchmark. Share price of PTT Exploration and Production Plc (PTTEP), the oil and gas drilling arm of national oil […]
Power shift
Energy is vital for countries seeking to power and sustain economic growth. But as the world feels the heat of climate change, the energy industry is under pressure to undertake a major transition. Somehow, it must find ways to ensure that consumption can continue without interruption but with far fewer negative consequences for the environment.
Indonesia aims to double gas production by 2030 with major projects in pipeline
Indonesia is aiming to double gas production over the next 10 years to 12,300 million cubic feet per day (mmscfd) as it sets sights on becoming one of the top global gas exporters with major projects in the pipeline. The government’s Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) said in a statement […]
Oil price slump a double-edged sword for Indonesia, Sri Mulyani says
Low oil prices may be a double-edged sword for Indonesia after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to boost supply amid falling demand due to the coronavirus outbreak. Finance Minister Sri Mulyani Indrawati said on Monday that the current price war amid the weakening economy due to the […]
China-Myanmar pipeline grows in its appeal
There was no second-guessing why China’s President Xi Jinping made Myanmar his first stop in a visit earlier this year, even as coronavirus was mercilessly gripping his nation: China has never ceased worrying about reliable supplies of gas, and the prospect of a pipeline with Myanmar is an attractive one.
