Myanmar Pipeline Leak Disrupts Gas Delivery to Thailand
Onshore natural gas delivery from Myanmar to Thailand has been suspended after a leak in the pipeline was discovered in Dawei on the Myanmar side on Monday. Thailand’s PTT Exploration and Production Public Company Limited (PTTEP), which jointly drills and delivers gas under the project, confirmed the leakage and temporary suspension in a statement.
Capstone Green Energy to Provide Low Emission Microturbine System to Major Global Oil & Gas Company in Malaysia
LOS ANGELES, Calif.–(BUSINESS WIRE)–Capstone Green Energy Corporation‘s (NASDAQ: CGRN) distributor in Malaysia and Brunei, Sekito, has secured an order for a 200 kW microturbine-based system for an oil and gas application owned by a major global oil and gas company.
PXP Energy plans to resume exploration at West Philippine Sea
PXP Energy Corporation, an upstream petroleum company chaired by business tycoon Manuel V. Pangilinan, will be renewing its coordination with the government on its plan to resume oil and gas exploration activities within offshore Palawan basin — including that of the diplomatically-saddled Recto Bank. The company said it is targeting to re-commence seismic survey as […]
Cambodia’s petroleum demand expected to reach 4.8 mn tons by 2030
Phnom Penh: The demand for petroleum products in Cambodia is projected to rise to 4.8 million ton in 2030, up from 2.8 million ton in 2020, the country’s Mines and Energy Minister, Suy Sem said.
Fuel oil stored in ships near Singapore to rise on more Russian supplies
SINGAPORE: The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia’s supplies hit by sanctions head to Asia, industry sources and analyst.
Cheniere and PTT Sign Long-Term LNG Sale and Purchase Agreement
HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC (“CCL”) has entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with PTT Global LNG Company Limited (“PTTGL”), a wholly-owned subsidiary of PTT Public Company Limited (“PTT”), Thailand’s largest […]
A targeted fuel subsidy will worsen inflation, says Najib
PETALING JAYA: The government’s proposal to shift from a blanket fuel subsidy mechanism to a targeted one will lead to higher inflation, claims former prime minister Najib Razak. In a Facebook post, he said that the government should not introduce major economic policy changes at a time when inflation forecasts are still high, stating that […]
Oil prices on another round of rollback next week
Filipino consumers will have another streak of luck next week on their fuel budgets as prices will be on another round of rollback, albeit modest, with diesel products anticipated to have heftier cost reduction of P1.80 to P2.10 per liter.
