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  • Oil & Gas

Malaysia spot crude premiums hit multi-year high on tight supplies

23 December 2019

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  • Malaysia

SINGAPORE (Reuters) – Asia-Pacific refineries are forking out multi-year high premiums for sweet crude produced in the region as alternative supplies from the West have become more expensive with the rise in shipping costs, several trade sources said on Monday.

Lower exports from Indonesia and Vietnam and rising demand for very low-sulphur fuel oil (VLSFO) have also helped push up premiums for crude produced in Malaysia such as Labuan and Kimanis to the highest in years, they said.

  • Oil & Gas

Malaysia’s Petronas sells Feb-loading Labuan crude at highest premium in years – sources

23 December 2019

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  • Malaysia

SINGAPORE, Dec 23 (Reuters) – Malaysia’s state energy company Petronas has sold a cargo of Labuan crude loading in February at the highest premium in years on strong demand for oil produced in the Asia Pacific, several trade sources said on Monday.

The producer sold 300,000 barrels of Labuan crude to Royal Dutch Shell at a premium of about $9.50 a barrel to dated Brent, they said.

The premium is the highest since June 2011, said one of the sources who tracks Asian oil trades closely.

  • Renewables

PH eyes use of small nuclear reactors for power generation

23 December 2019

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  • Philippines

The world’s first small modular nuclear reactors (SMRs) have started delivering electricity to a coastal town in Russia, firming up their potential for use in small power grids in geographically fragmented markets such as the Philippines.

According to the World Nuclear Association (WNA), the power barge Akademik Lomonosov—installed with two SMRs with a combined output of 64 megawatts—has started commercial operations, providing “much needed clean electricity and heat to this remote arctic community” of Pevek town in the Russian Far East.

  • Renewables

Planned new Indonesian capital could tap into geothermal energy for power

22 December 2019

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  • Indonesia

Earlier this year, it was reported that Indonesia is looking to move its capital from Jakarta to a new city. East Kalimantan has been designated as the location for the new capital city. The area is in one location which partly belongs to the District of Panajam Paser Utara, partly part of the Regency of Kutai Kartanegara (Kukar).

President Jokowi has also set Sepaku Subdistrict, North Penajam Paser District, as a location for government complexes, including the presidential palace.

The Ministry of Energy and Mineral Resources (ESDM) estimates that the new capital city will need additional power plants with a total capacity of 1,555 MW. The need for electricity capacity is to ensure the reliability of supply with a 30 percent power reserve.

  • Energy-Climate & Environment

Let’s avoid unfair climate change target

22 December 2019

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  • Malaysia

LETTERS: The United Nations Framework Convention on Climate Change (UNFCCC) ended in Madrid, Spain, and it is high time that we revisited the Malaysian milestone on the 2016 Paris Climate Agreement.

Malaysia has achieved a 33 per cent carbon emission intensity of gross domestic production reduction this year relative to the 2005 levels towards the targeted 45 per cent emission cut by 2030.

This is something we should be proud of, but much effort is needed for us to reduce our carbon footprint in mitigating global warming.

Global warming is causing sea water levels to rise and it is at a tipping point with an accelerated 3.2mm rise yearly. Its effect will be greater at the tropics.

For example, seawater could rise from 1m to 2.5m in Singapore by 2100.

  • Coal

Two coal power plants built in Preah Sihanouk

22 December 2019

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  • Cambodia

The locally owned Cambodia International Investment and Development Group (CIIDG) and China Huadian Hong Kong Co Ltd (CHDHK) are partnering to build two coal-fired power plants in Preah Sihanouk province.

With capital investment of around $1 billion, the facilities will be able to produce some 700MW of electricity.

Electricite du Cambodge (EdC) director-general Keo Rattanak said at the signing and groundbreaking ceremony last week that construction will be completed by the end of 2022, with the plants generating power in early 2023. Each facility will be able to produce 350MW.

  • Electricity/Power Grid , 
  • Energy Economy

Electricity sector tops the list of FDI this FY

22 December 2019

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  • Myanmar

Till November of this fiscal year, the electricity sector topped the list of the foreign investments with over 503 million US dollars, according to the Directorate of Investment and Company Administration.

From 1988-89 FY to date, the total FDI in the electricity sector amounted to over 21681.672 million US dollars.

The individual power consumption reached 263 kilowatt hours (kWh) in 2015-16 FY, 301 kWh in 2016-17 FY, 335 kWh in 2017-18 FY, 379 kWh in 2018-19 FY and 432 kWh in 2019-20 FY. In five years, the individual power consumption increased by 169 kWh, according to the Ministry of Electricity and Energy.

The power generation reached 15,965 million units in 2015-16 FY, 17,867 million units in 2016-17 FY, 20,055 million units in 2017-18 FY, 22,879 million unit in 2018-19 FY and 27,300 million unit in 2019-20 FY.

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