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MANILA – Customers of the Manila Electric Company (Meralco) will see higher electricity bills this month as the company announced Tuesday an increase of PHP0.2639 per kilowatt hour (kWh).
This brings the total electricity rate to PHP12.2901 per kWh from PHP12.0262 per kWh in February.
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Trader and shipowner Vitol has sealed an agreement to supply the Philippines with more than 100 LNG cargoes over 10 years.
The company said it had signed a long-term gas supply deal with LNGPH, backed by South Premiere Power Corporation (SPPC) and Excellent Energy Resources Inc (EERI).
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The Finance Ministry looks set to submit support measures for plug-in hybrid electric vehicles (PHEVs) to the cabinet by April.
According to Deputy Finance Minister Paopoom Rojanasakul, these support measures will take effect from Jan 1, 2026.
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Petroliam Nasional Bhd (Petronas) and Vietnam Oil and Gas Group (Petrovietnam) plans to expedite cooperation in Vietnam’s energy gas sector, encompassing upstream, and downstream activities, gas and renewable energy (RE) to enhance collaboration in power generation and grid connectivity from Vietnam to Malaysia.
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VinFast and Indonesia’s state-owned Bank Negara Indonesia (BNI) have signed a memorandum of understanding to enhance the adoption of electric vehicles in Indonesia.
This agreement was formalized during the Vietnam-Indonesia High-Level Business Dialogue on Mar. 11, attended by Vietnamese and Indonesian officials.
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Brunei Shell Petroleum, a subsidiary of the UK-headquartered energy giant Shell, has booked a drillship owned by Noble Corporation, a U.S.-based offshore drilling player, for a drilling campaign off the coast of Brunei in Southeast Asia, on the northern coast of the island of Borneo.
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Filipino rebar producer SteelAsia Manufacturing Corp. will decarbonize part of its Bulacan operations with a new 1.9-MW rooftop solar photovoltaic system.
The 3,200 solar modules commissioned by TotalEnergies ENEOS are capable of generating 2,700 MWh of renewable electricity annually. The solar output will cut energy costs for SteelAsia at its Meycauyan, Bulacan facility while also reducing the future carbon emissions by 2,300 metric tons per year from the site, according to the release.
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BANDAR SERI BEGAWAN – Brunei has successfully reduced greenhouse gas emissions by 15% compared to the business-as-usual scenario, following the implementation of climate change mitigation strategies, the Second Minister of Finance and Economy said Monday.
ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.
