Govt invites investors to build LPG factories to reduce imports
Jakarta (ANTARA) – Energy and Mineral Resources Minister Bahlil Lahadalia has invited investors and entrepreneurs to set up liquefied petroleum gas (LPG) factories in Indonesia to help lower national oil and gas imports.
Maritime rivals China and Brunei vow to work together on oil and gas in disputed waters
China and Brunei have pledged to work together on oil and gas exploration in the South China Sea, though a Chinese analyst noted that more negotiations were needed for energy cooperation to move forward.
Fuelling growth: Thailand’s energy use rises as tourism powers up
The Department of Energy Business revealed fuel consumption in Thailand saw a 2.1% rise last year, reaching a daily average of 155.4 million litres, in tandem with an estimated GDP growth of 2.6-2.7%, largely fuelled by bustling tourism-related industries.
Vietnam’s first LNG-fired power plant connects to national grid
Nhon Trach 3, part of Vietnam’s first LNG-fired power project Nhon Trach 3 & 4, connected to the national grid on Wednesday noon, according to project investor PV Power.
Indonesia set to build new petroleum storage facility, boost energy reserves
The government has planned to increase national energy buffer reserves from 21 days to 51 days by establishing a petroleum storage facility on Nipa Island, Riau Islands.
Indonesia to Implement B50 Palm Oil Biodiesel Mandate Next Year
Jakarta. Indonesia is sticking to the plan of distributing biodiesel with higher palm oil content starting in 2026.
Mixed oil price adjustments set Feb. 4
MANILA – Oil firms announced mixed price adjustments effective Tuesday. In separate advisories on Monday, Caltex, Cleanfuel, Petro Gazz, Seaoil, and Shell said gasoline prices would increase by 70 centavos per liter while slashing diesel prices by PHP1.15 per liter.
Fuel prices drop in latest adjustment
Hanoi (VNA) – The Ministry of Industry and Trade and the Ministry of Finance have announced a fuel price adjustment, effective from 3:00 pm on February 1.
