Thailand at risk of fuel crunch with imported gas too pricey
The government is curbing imports of liquefied natural gas due to surging prices, potentially putting the country at risk of fuel shortages.
Sembcorp Marine shareholders question Singapore yards mega merger
Singapore’s Sembcorp Marine (SGX:S51) has released the financial and operating metrics of its proposed combination with a restructured Keppel Offshore and Marine (Keppel O&M) (SGX:BN4) in a response to queries from its shareholders that fear share dilution.
Thailand extends measures to tackle high oil prices, help tourism
Thailand’s cabinet on Tuesday extended measures to support energy prices and tourism, and approved plans to seek a contribution from refineries to boost the country’s depleted oil fund. The measures came as Thai headline inflation hit a near 14-year high of 7.1 per cent in May, driven by rising oil prices.
PH policymakers brace for economic oil shock
The incoming presidential administration is bracing for the impact of an oil price shock caused by a surge in demand as economies around the world reopen over two years after the start of the pandemic, aggravated by Russia’s invasion of Ukraine.
Fuel prices seen to increase again next week
Oil firms are expected to implement another increase in the prices of fuel products starting June 21, the Unioil Petroleum Philippines said. According to the forecast, per-liter prices of diesel may increase by ₱2.50 to ₱2.60, while gasoline prices may go up by ₱0.50 to ₱0.60 per liter.
First Gen Philippines LNG import terminal delayed, asks BW to delay FSRU delivery
First Gen’s Interim Offshore LNG Terminal project in the Philippines has been delayed and the company has asked BW Gas to delay the delivery of the floating storage and regasification unit (FSRU) BW Paris from Q1 2023 to end of Q2 or early Q3 2023.
South Africa willing to assist Philippines in oil supply, says envoy
South Africa is ready to assist the Philippines when it comes to providing supply of oil and petroleum products, according to its envoy on Wednesday. Ambassador of South Africa Bartinah Ntombizodwa Radebe-Netshitenzhe paid a courtesy call on President-elect Ferdinand “Bongbong” Marcos Jr. where they tackled the bilateral ties between the Philippines and South Africa.
Gas expansion a detour in Philippine transition to cleaner, cheaper energy
In 2019, the provincial government of Negros Occidental took a crucial first step on the path to sustainable energy when it heeded the call of young advocates to keep coal out of the Western Visayas province. Alfredo Marañon Jr.—governor at the time—issued the executive order opposing the establishment of any coal-fired plants in the face […]
