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The Indonesian government is stepping up cooperation with Chinese companies to increase the country’s oil and gas reserves and production, according to Director of Upstream Oil and Gas Business Development Ariana Soemanto. He remarked that three stakeholders are collaborating to utilize the technology offered by several Chinese companies to explore new reserves and boost production in Indonesia.
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On May 15, 2024, the National Economic and Development Board (NEDA) of the Philippines approved an extension of the most-favored-nation (MFN) zero-tariff rate on more battery electric vehicles (EVs) and components. In addition, it upheld the decision to impose a temporary MFN zero-tariff import rate on 34 battery EV products until 2028. These temporary rates were first introduced through Executive Order (EO) No. 12 (s. 2023) (hereinafter EO 12) and were subject to a one-year review following their implementation in February 2023.
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PetroGreen Energy Corporation (PGEC), led by the Yuchengco group, and Isuzu Autoparts Manufacturing Corporation (IAMC) have signed a contract for a significant rooftop solar installation. The project, with a capacity of 3.002-megawatt peak (MWp), will be installed at IAMC’s manufacturing facility in Laguna and is set to commence in the third quarter of 2024, with completion expected by the second quarter of 2025. Once operational, it will be one of the largest commercial and industrial rooftop solar facilities in Laguna.
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Thailand’s Ministry of Energy has announced that it will freeze electricity prices at THB4.18 (approximately US$0.12 ) per unit until the end of 2024. This decision aims to alleviate financial pressure on businesses and consumers amid a challenging economic environment.
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Vietnam will increase its electricity supply to Cambodia to 400 megawatts or more to boost the Kingdom’s economy and to help prevent blackouts or power shortages from occurring.
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As the Philippines pushes its transition to cleaner energy sources, a noted LNG specialist underscores the crucial role of liquefied natural gas (LNG) in ensuring energy security and environmental sustainability.
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The Department of Energy (DOE) said the government’s implementation of energy efficiency measures has generated savings of about Php 400 million for the first quarter of the year.
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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.
