Gas output falls in Thailand exacerbating need for costly LNG
Thailand’s dependence on imported liquefied natural gas (LNG) continues to expand despite soaring global prices. Significantly, the increasing demand for LNG is being exacerbated by production declines across ageing domestic fields, particularly Erawan. Data from the Energy Policy and Planning Office (EPPO) show LNG imports during the first two months of 2022 totalled 1,912 million […]
Vietnamese, US firms get investment registration certificate for LNG terminal project
PetroVietnam Gas JSC (PV Gas) and the AES Corporation of the US have been granted an investment certificate and a business registration certificate for the Son My liquefied natural gas (LNG) terminal project.
Vietnam keen to maximize upstream output, crude exports to offset fuel import bills
Vietnam exported 230,260 mt, or 56,260 b/d, of crude oil in April, an increase of 12.4% from the same month a year earlier, with the Southeast Asian producer aiming to sell as many domestic sweet crudes as possible to minimize its energy trade deficit, market and trade participants said over May 11-17.
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.
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.
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 […]
