Deputy PM hosts investors interested in LNG power development in Vietnam
NDO/VNA – Deputy Prime Minister Trinh Dinh Dung on February 11 received a group of investors from the US and the Republic of Korea who are interested in liquefied natural gas (LNG) power development in Vietnam. At the reception in Hanoi, the Deputy PM acknowledged the serious intention of the investors, and affirmed that the […]
LNG hub comes together quickly
Since late last year, the Energy Ministry has been announcing efforts to push forward a plan to promote Thailand as a free-trade hub for liquefied natural gas (LNG). This move means every state agency and company will have greater access to the LNG market — both import and export — under the third-party access (TPA) […]
Egat to run solar power trade test
The state-run Electricity Generating Authority of Thailand (Egat) has initiated a test of peer-to-peer power trade from solar rooftops, planning to enter the prosumer trade in the coming years. Governor Viboon Rerksirathai said Egat installed solar panels on top of its headquarters in Nonthaburi to conduct the test and collect power trade data. The power […]
Record low LNG spot prices attract bargain hunters
SINGAPORE: Record low spot prices for liquefied natural gas (LNG) are attracting buying interest from companies in Asia hunting a bargain after China’s top buyer of the fuel declared force majeure last week, four trade sources said on Monday. Sellers, however, are wary because of an array of operational issues, the sources said, speaking on condition of […]
Indonesia to stop gas exports to Singapore in 2023
The Energy and Mineral Resources Ministry has decided to stop gas shipments to Singapore in the next three years to cater to domestic demand. “Gas exports to Singapore will stop in 2023 and we will use the gas for the domestic market,” Downstream Oil and Gas Regulatory Agency (BPH Migas) head Fanshurullah Asa said as quoted from the ministry’s press […]
Fitch flags Philippines lack of focus on clean energy
MANILA, Philippines — Fitch Solutions Macro Research has flagged the country’s lack of focus on clean energy development in its long-term energy plan, particularly in the development of natural gas, liquefied natural gas (LNG) and renewables, as “worrying.” The Philippines needs to import more LNG amid declining output from Malampaya, Fitch said. Based on its […]
Citibank, ING to arrange funds for LNG-fired power units in Vietnam
HANOI (Reuters) – PetroVietnam Power Corp has signed a deal to allow a consortium of Citibank and ING Bank [INGBK.UL] to arrange funds for its project to expand a gas-fired power complex in southern Vietnam with two new units, the company said. The funds will be used for the construction of the 1,500-megawatt (MW) total […]
Natural gas import projects slow out of the gate — Fitch Solutions
DECLINING PRODUCTION from the Malampaya deepwater gas project has left the Philippines needing to import liquefied natural gas (LNG), but projects to allow the fuel to come in are facing delays, Fitch Solutions Macro Research said. The lack of emphasis on natural gas, LNG and renewables in the Philippines’ Energy Plan covering 2017-2040 is also […]
