Petronas grabs first mover advantage in Myanmar’s LNG market
Malaysia’s Petronas has delivered Myanmar’s first ever LNG cargoes. This marks the emergence of a new consumer for the fuel in the Asia region. Significantly, Petronas has stolen a march on rival LNG exporters as it hopes to establish a foothold in Myanmar’s expanding gas industry.
SKK Migas lowers upstream oil and gas investment target this year
Indonesia has lowered its upstream oil and gas investment target by 15 percent this year amid continued global economic pressures on the commodities. The Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas) announced Thursday a revised investment target of US$11.8 billion, down from the initial $13.8 billion. As of May, investments reached around one third […]
Construction work started for expansion of Dieng and Patuha geothermal plants
Following the receipt of a USD 300 million loan package from the Asian Development, Indonesian state-owned geothermal company PT Geo Dipa Energi (GDE) has announced immediate work to start on the construction for the expansions of the Dieng and Patuha geothermal power plants.
‘Chinese investors’ eyeing $6b refinery project in Riau Islands: Official
Chinese investors plan to develop a multibillion-dollar oil refinery in Batam, Riau Islands province, an official with the Office of the Coordinating Maritime Affairs and Investment Minister has said. Maritime and energy sovereignty deputy Purbaya Yudhi Sadhewa told an online press conference on Tuesday that the investors had sent a letter addressed to the Coordinating Minister’s Office, “asking for our agreement […]
GPSC readies application to join LNG trade
Global Power Synergy Plc (GPSC), the power generation arm of PTT Plc, is planning to become the sixth Thai company to apply for a licence to import liquefied natural gas (LNG), currently trading at low prices in the spot market.
Myanmar’s electricity losses shrink; more investments, spending needed to meet demand
Losses on electricity subsidies in Myanmar are likely to have declined to just about a third of levels seen before tariffs were raised in July 2019, U Tin Maung Oo, permanent secretary of the Ministry of Electricity and Energy, told journalists at the government’s fourth year performance review in Nay Pyi Taw on June 8.
EPGE extends Magwe power plant tender deadline
Myanmar’s Ministry of Electricity and Energy has extended the deadline of a gas-to-power plant tender to next week. On April 28, the ministry’s Electric Power Generation Enterprise (EPGE) announced a tender for a 12 megawatt gas-powered plant in Magwe on a build-operate-own basis.
Giant offshore wind turbines could help Vietnam tackle immense climate change challenges
BANGKOK: Vietnam could become a future global leader in offshore wind energy generation, after recent analysis showed the country has vast potential along its 3,000 kilometre coastline. Vietnam’s current electricity generation capacity is approximately 54GW. The government has signalled an intent to more than double that figure – to up to 130GW – over the coming decade. […]
