LNG market favorable in next few years due to low prices
THE next years will likely be favorable for importers of liquified natural gas (LNG) like Philippines due to low prices, Fitch Solutions Country Risk and Industry Research said in an outlook issued Tuesday.
Thai power company acquires Yunlin stake
Electricity Generating Public Company (EGCO) Group in Thailand has completed the purchase of a 25% stake in the 640MW Yunlin offshore wind project off the coast of Taiwan
Cambodia’s power project secures first guarantees from MIGA
The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has issued guarantees supporting the refinancing of existing power transmission infrastructure in Cambodia’s capital of Phnom Penh and its surroundings. The move paves the way for commercial funding to replace the facility previously offered by the Export-Import Bank of Malaysia.
Thailand’s EGAT to receive second spot LNG cargo from Malaysia’s Petronas
State-run Electricity Generating Authority of Thailand said it will buy a second spot-market shipment of liquefied natural gas (LNG) on Tuesday.
Singapore report lays out pathway for maritime to adopt alternative fuels
Nanyang Technological University (NTU) and Singapore Maritime Institute (SMI) have released a report that outlines how companies can use alternative fuels to power ships to help meet IMO’s 2050 greenhouse gas (GHG) emissions reduction target
Govt extends power bill payment deadline in Yangon
The government said that it will be extending the deadline for the monthly power tariff in Yangon for up to a month as part of measures to avoid unnecessary mass gatherings during the COVID-19 pandemic.
Unioil sets off price cut: P1.20/liter
Consumers can expect an oil price rollback of as much as P1.20 per liter this week to reflect the movement of price in the world market amid the ongoing coronavirus pandemic.
Philippines’ Oldest Conglomerate to Get Out of Coal by 2030
Ayala Corp., the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow.
