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Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.
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PT PLN (Persero) has reinforced its collaboration with the United States Agency for International Development (USAID) to expedite Indonesia’s energy transition through various renewable energy and electricity modernization initiatives. This renewed commitment was formalized with the signing of the continuation of the Terms of Reference (TOR) at the PLN Head Office in Jakarta.
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Thailand should develop a strategic petroleum reserve (SPR) to enhance oil security amidst global supply disruptions.
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Effective from July 3, 2024, Decree 80 outlines the framework for direct power purchase agreements, aiming to enhance the collaboration between renewable energy supplier and major electricity users.
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The state plan to increase the cost of electricity later this year may affect foreign direct investment in Thailand, which is now grappling with a sluggish economy, says the Federation of Thai Industries (FTI).
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Experts favour Malaysia and Indonesia as renewable energy import sources.
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Deputy Minister for Environment and Forestry Alue Dohong has urged the public to help the government script the transition to new and renewable energy by installing more micro hydro power plants (PLTMHs).
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.
