Higher oil prices to boost Malaysia’s growth, hit S’pore: Barclays
IN emerging Asia, higher oil prices — fuelled by escalating tensions between the United States and Iran — are likely to benefit Malaysia’s growth the most, while hitting Singapore the hardest, said Barclays analysts in a Jan 8 report. “The comfort from easing trade and global risks seems to be over for policymakers in Emerging […]
Gastech to return to Singapore in September 2020
The world’s largest gas, LNG and energy event, Gastech, is set to return to Singapore this September. Singapore’s major influence as a gas, LNG and energy hub reflects the excitement and positivity driving growth in the region. Gastech 2020 will be held from 8 – 10 September 2020 at the Singapore EXPO and marks 5 […]
Myanmar seeks to rekindle its dimming gas hopes
Myanmar’s government is expected to announce major new bidding for natural gas exploration, including 15 offshore and 18 onshore blocks, in a bid to give the sluggish but potentially lucrative industry a much-needed capital infusion. But while a new exploration agreement signed last month between Myanmar’s MPRL E&P Company, France’s Total and Australia’s Woodside Energy […]
Thailand seeks to ease oil price impact
BANGKOK: The government is looking into ways of reducing the impact of the United States-Iran conflict with regard to rising oil prices, said Energy Minister Sontirat Sontijirawong. According to the Bangkok Post, state agencies were closely monitoring the situation as any escalation would have a direct impact on fuel prices. “We will update the public on […]
Gas supply from Indonesia to Singapore will cease by 2023
By 2023, Indonesia’s Energy and Mineral Resources Ministry is looking to stop supplying gas to Singapore via the Suban Blok Corridor Field. This is done so that the gas supply can be diverted back to domestic consumption in Indonesia. “Gas is still abundant in Sumatra. Gas supply to Singapore will end in 2023 and will be […]
Jokowi considers three solutions to lower industrial gas prices
President Joko “Jokowi” Widodo will look into three options to lower the stubbornly high industrial gas price in Indonesia, which has deterred industries from expanding in Indonesia amid a domestic economic slowdown. The options are: introducing a fiscal incentive, creating a domestic market obligation (DMO) or undergoing an import simplification procedure to reduce gas prices […]
Indonesia industry ministry to propose mandatory domestic gas sales – minister
JAKARTA, Jan 6 (Reuters) – Indonesia’s Industry Ministry will put forward a plan for mandatory domestic gas sales to ensure local manufacturers can get cheap supplies after they complained of high prices, Industry Minister Agus Gumiwang Kartasasmita said on Monday. The so-called domestic market obligation (DMO) would require gas producers to sell a portion of […]
Three sectors likely to see massive inflows of FDI
In 2019-20 fiscal year, the power production sector, oil and gas sector and logistics sector are likely to see a massive inflow of foreign direct investments, said U Aung Naing Oo, Permanent Secretary of the Ministry of Investment and Foreign Economic Relations. “In 2019-20 FY, the first promising sector is electricity production and power plants. […]
