Meralco rates increase in December 2021
MANILA, Philippines – Electricity rates for households serviced by the Manila Electric Company (Meralco) are increasing in December, a spillover effect from the Malampaya shutdown in October.
Sembcorp, BCG Energy aim to develop 1.5 GW of renewables in Vietnam
Sembcorp Utilities, a unit of Singapore’s Sembcorp Industries Ltd (SGX:U96), and BCG Energy, the renewables business of Vietnam’s Bamboo Capital Group, have teamed up to develop up to 1.5 GW of wind and solar projects in Vietnam.
ConocoPhillips to exit Indonesia with $1.36bn asset sale
ConocoPhillips has signed an agreement to divest its interests in Indonesia to the local oil and gas company MedcoEnergi for $1.355bn, a move that will mark its exit from the country.
Ahead of Blinken trip, US says committed to ‘unprecedented’ ASEAN ties
US President Joe Biden is committed to elevating US engagement with the Association of Southeast Asian Nations (ASEAN) to “unprecedented” levels, the top US diplomat for Asia said on Wednesday, ahead of a visit to Southeast Asia by US Secretary of State Antony Blinken.
Novatek, PetroVietnam sign LNG, power deal: Update
Russian producer Novatek has signed an agreement with Vietnam’s state-owned PetroVietnam Power (PV Power) to develop LNG infrastructure projects in the southeast Asian country to meet its growing electricity demand.
ECCP urges gov’t to ease restrictions in renewable energy investments
MANILA – The government should make it more “accessible” for foreign companies to invest in the country’s renewable energy space, an official of the European Chamber of Commerce in the Philippines said Thursday.
The Future of LNG in Vietnam After COP26
In recent years, liquefied natural gas (LNG) has sparked considerable interest in Vietnam as a potential new source of energy, given the rapid growth of the country’s demand for electricity. According to the World Bank, the scale of Vietnam’s electricity consumption ranks second in the Association of Southeast Asian Nations (ASEAN) after Indonesia and 23rd […]
Ford to expand, modernize Thailand plant with $900 million investment
Ford Motor Co. is investing $900 million to upgrade factories in Thailand that build its Ranger pickup truck and Everest utility vehicle. Ford, making its largest-ever investment in the operations, plans to nearly double the number of robots at its Thai manufacturing plant and at AutoAlliance Thailand, a venture with Mazda Motor Corp., while $400 […]
