Direct power purchase pilot project approved
The National Energy Policy Council (NEPC) has approved a pilot project that will allow businesses to purchase electricity directly from power producers. The move is a response to requests from foreign investors, particularly energy-intensive data centre operations, about the possibility of direct power purchase agreements (PPAs) that would help them better manage energy costs.
Gas production hikes and regional buying to cut LNG imports
Thailand plans to increase domestic gas production and renew gas purchases from neighbouring countries to reduce its dependence on liquefied natural gas (LNG) as gas demand is expected to increase in Asia, say energy authorities and analysts.
Auction for new renewable power plants planned
The Energy Regulatory Commission (ERC) is pushing ahead with an auction for new power plants under its second-phase 3.6-gigawatt renewables scheme, which is expected to draw more investors once some of its conditions are amended.
Sabah rejects proposed CCUS Bill, citing existing land laws
KOTA KINABALU: Sabah agrees with the stand taken by Sarawak that the proposed Carbon Capture, Utilisation and Storage (CCUS) Bill is not necessary for the two states as they have separate land and forestry laws, says Datuk Seri Dr Jeffrey Kitingan.
Energy Outlook Report suggests Vietnam’s net-zero goal technically feasible
The latest Vietnam Energy Outlook Report – Pathways to Net-Zero (EOR-NZ) said that Vietnam’s goal of achieving net-zero emissions by 2050 is not only technically feasible, but also the most cost-optimized scenario.
Malaysia to cut diesel subsidies, saving $852 million annually
Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move that will save about 4 billion ringgit ($852 million) annually, Prime Minister Anwar Ibrahim said on Tuesday.
Philippines DOE Announces Third Round Of Green Energy Auction For Non-FIT RE Technologies
In its commitment to harnessing renewable energy (RE) resources for energy security, the Department of Energy (DOE) in the Philippines is set to conduct the Third Round of the Green Energy Auction (GEA-3).
TotalEnergies to splash out $903 million on its gas footprint expansion off Malaysia
France’s energy giant TotalEnergies has set the wheels into motion to enrich its overall gas portfolio with more assets offshore Malaysia by inking a deal with Austria’s OMV to get its hands on a stake in SapuraOMV Upstream, a 50:50 joint venture between Sapura Energy and the Austrian firm, which works as a Malaysian independent […]
