Malaysia’s Petronas signs up for long-term US LNG supply
US liquefied natural gas (LNG) developer Venture Global will supply Malaysia’s Petronas with 1 million tonnes per year (t/y) of LNG for a 20-year term after the pair signed a new deal. Significantly, Asian LNG buyers, such as Petronas, are increasingly locking in new long-term supplies as more European buyers enter the race for LNG. […]
Japan’s Inpex delays Abadi LNG project in Indonesia again
Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, has been delayed even further with a final investment not targeted until the latter half of this decade. Significantly, the project looks increasingly unlikely to be developed. Inpex’s managing executive director Daisuke Yamada […]
Vietnam seeks to boost domestic coal production amid rising import prices
Vietnam’s state-owned coal miner Vinacomin will boost domestic production to meet rising demand for the fossil fuel amid surging global prices, the Ministry of Industry and Trade said on Wednesday.
Long queues at petrol stations as fuel crisis hits Laos
Long lines of motorists queueing for petrol have been snaking through the streets of Vientiane in recent days as Laos struggles with a growing fuel crisis. Some parts of the reclusive communist nation have been suffering shortages for weeks, according to state media, but on Monday (May 9), pumps in the capital began to run […]
Soaring global fuel prices: an opportunity for Cambodia?
Cambodia is feeling the squeeze from the soaring global coal and oil prices. Electricity du Cambodge (EDC)would certainly be hurting from this reality, and most likely re-assessing its plans to add more coal power stations.
Landmark report finds legal grounds to hold fossil fuel firms liable for environmental damage
The findings of a report, which Greenpeace describes as a ‘historic win for climate justice,’ indicate that there are legal grounds to hold fossil fuel companies accountable for the harm their actions have historically brought forth to the environment due to investments in new fossil fuel projects, creating roadblocks and obstructing the transition to clean […]
Sacgasco accelerating offshore oil development in Philippines
Australian-listed Sacgasco (ASX:SGC) has agreed an alliance covering extended well testing and early production systems in the Palawan basin offshore Philippines as they aim to pump oil as fast as possible in the current high oil price environment. Significantly, the company and its partners will be hoping to eek oil out of an old field […]
Singapore urges additional bunker fuel testing on fuel quality concerns
The Maritime and Port Authority of Singapore is encouraging marine fuel buyers to request additional testing to rule out quality issues that have plagued supplies at the world’s largest bunkering port in recent months, the regulator said in a statement late May 5. MPA’s recommendations follow its investigation into bunker fuel quality in Singapore after […]
