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There is renewed confidence and strong interest in the Philippines’ oil and gas sector following the government’s efforts in the past year to boost the investment climate, according to the Department of Energy.
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MIDF Research anticipates that the government will cut retail fuel prices, particularly the RON95 and diesel, to ensure price stability and ease living cost pressure in Malaysia.
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Shell (SHEL.L) and Chevron’s (CVX.N) agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni (ENI.MI) will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.
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Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan urged the acceleration of the construction of the Liquified Natural Gas (LNG) terminal in Bali in a bid to prioritize domestic energy needs and no longer export the commodity.
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Sabah Electricity Sdn Bhd (SESB) is urged to provide a solution to the erratic electricity supply in the State.
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The Just Energy Transition Partnership (JETP) has suggested that emissions reductions from the early retirement of coal-fired power plants be marketed as carbon credits, and that funds be provided to facilitate the program.
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The importance President Ferdinand R. Marcos Jr. has placed on promoting ease of doing business in the country, as made evident during his second State of the Nation Address (SONA), continued to draw positive reactions from the business community, particularly from energy sector executives.
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PT PLN Indonesia Power (PLN IP) continues to make breakthroughs in realizing the energy transition in Indonesia through Megaproject Greennesia and Hydronesia.
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.
