Second straight week of major fuel price hikes set Tuesday
Oil firms are set to implement a major hike in pump prices of petroleum products this week, marking the second straight week of increases. In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will hike prices per liter of gasoline by P2.15, diesel […]
TotalEnergies gains foothold in Qatar LNG expansion
Qatar yesterday named France’s TotalEnergies as its first foreign partner to develop the world’s largest natural gas field and eventually help ease Europe’s energy fears. The French energy major will have a 6.25% share of the giant North Field East project that will help Qatar increase its liquefied natural gas (LNG) production by more than […]
Russia willing to ‘extend help’ to Philippines with energy sources, says envoy
Russian Ambassador Marat Pavlov on Monday said Russia is willing to cooperate with the Philippines amid the spike of oil prices due to the conflict between Russia and Ukraine. Speaking to reporters after his courtesy visit on President-elect Ferdinand “Bongbong” Marcos Jr., Pavlov mentioned that oil and gas were among the topics discussed during their […]
Oil refineries face state price cap
Energy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month.
Shell to invest $66m to build LNG import terminal in the Philippines
The proposed project will include a 3.8Mtpa FSRU, subsea and onshore gas pipelines, and pigging stations. Shell Energy Philippines is reportedly planning to invest PHP3.5bn ($66m) to build a liquefied natural gas (LNG) import terminal in Batangas City, the Philippines.
Asia Gas Hub seeks to start gas exchange in Malaysia, says move could provide jobs, income, cleaner energy
Asia Gas Hub, an energy market solutions provider, is ready to turn Malaysia into a centre for gas trade in the Asia-Pacific by facilitating the creation of a natural gas exchange in the country. The company’s chief executive officer, Faris Mustaffa, said the region is yet to have a central hub for gas trade despite […]
Fossil gas expansion seen to worsen energy security
Southeast Asia is becoming Asia’s fossil gas and liquefied natural gas (LNG) hub, with the Philippines having one of the largest planned gas power expansion and LNG import terminals. However, this massive fossil gas expansion is seen as a threat as it will worsen the region’s energy security and dependence on imported fuel, based on a […]
Razon’s Malampaya entry good for power sector — Cusi
The planned acquisition by ports and casino tycoon Enrique Razon Jr. of a controlling stake in the Malampaya gas-to-power project is a welcome development for the Philippine power sector, Energy Secretary Alfonso Cusi said Friday. On Thursday, Razon’s infrastructure arm, Prime Infra Holdings Inc., announced that the acquisition process of a controlling stake in the Malampaya project […]
