GLOBAL LNG-Asian LNG prices sink again as coronavirus disrupts demand
Asian spot prices for liquefied natural gas (LNG) sank this week as the coronavirus pandemic further dampened demand, prompting buyers to push back cargo deliveries.
Asean green bond issuance doubles to US$7.8b in 2019
THE volume of green bonds and loans issued in Asean almost doubled between 2018 and 2019, in tandem with global trends, according to a report by Climate Bonds Initiative (CBI) on Thursday.
IDEAS: Malaysia may lose RM31 bil per year if oil prices remain at US$30 per barrel
The Institute for Democracy and Economic Affairs (IDEAS) said that Malaysia may lose RM30.9 billion in fiscal revenues per annum if oil prices remain low, which would further strain the nation’s finances.
Launch of heavy fuel oil power plant sees delays
The first phase of a $380 million 100MW heavy fuel oil power plant in Kandal province’s Lvea Em district has been delayed from this month until June, a Ministry of Mines and Energy spokesman told The Post on Thursday.
Over a million low-income households left out of electricity relief scheme
Over a million Indonesian families living in internet dead zones have been unable to access a government-funded electricity relief scheme being distributed online.
ERC orders staggered payment scheme for electricity bills
The Energy Regulatory Commission encourages those who can pay to settle their bills on time to help power companies with their cash flow
Fuel retailers abandon plans as virus cripples demand
Major fuel retailers are adjusting operations in response to plummeting demand and prices caused in part by the pandemic.
Singapore oil trader Hin Leong meets banks over finances: sources
Singapore oil trader Hin Leong held a call with creditors on Tuesday after banks failed to provide a letter of credit to the trading firm to purchase at least one cargo of oil products due to load this month, four sources said.
