Indonesia to exempt oil and gas sector from new FX retention rule
JAKARTA (Jan 22): Indonesia will exempt oil and gas exporters from its new rule that all proceeds from natural resource exports be kept onshore for a year, as companies urge adjustments to the rule out of concern over its impact on their cashflows.
Cambodia spends USD2.69B on oil, gas imports in 2024
PHNOM PENH (XINHUA) – Cambodia’s imports of diesel fuel, petroleum oil, and gas increased by 12 per cent in 2024, according to a Ministry of Commerce report yesterday.
Indonesia to tender new oil & gas blocks, reduce LPG imports
Indonesia aims to tender all 60 oil and gas working areas by 2027 to increase oil lifting and support energy security, said its Energy and Mineral Resources Minister Bahlil Lahadalia.
Hong Kong’s Towngas and Singapore’s Global Energy to develop green methanol supply chain
Hong Kong and China Gas (Towngas), the city’s sole gas provider, has teamed up with a Singapore marine fuel and logistics provider to develop a green methanol supply chain, the company’s latest initiative to meet the region’s energy transition needs.
State utility EVN signs feasibility study contract for $2.1 bln LNG power plant
Power Project Management Board 2, under state utility Vietnam Electricity (EVN), has signed a consulting contract for the $2.1 billion Quang Trach II LNG-fired power plant’s feasibility study report.
Gasoline prices up by over P1/liter Tuesday; diesel, kerosene by over P2/liter
Motorists will have to tighten their belts for another week, as fuel retailers on Monday announced a major pump price hike to mark the third straight week of upward adjustments.
Marcos signs into law bill promoting development of PH natural gas industry
President Ferdinand ”Bongbong” Marcos Jr. has signed into law the measure promoting the development of the Philippine Natural Gas Industry.
Russia offers to provide LNG, crude oil to Vietnam
HANOI, Jan 15 (Reuters) – Russia is willing to help develop Vietnam’s nuclear power sector and provide it with crude oil and LNG, the two countries said on Wednesday.
