- Oil & Gas
7 May 2025
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- Vietnam
Profits for major Vietnamese oil companies dropped significantly in Q1, as global oil prices plunged, driven by U.S. tax policy shifts and the ongoing Russia-Ukraine war.
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Profits for major Vietnamese oil companies dropped significantly in Q1, as global oil prices plunged, driven by U.S. tax policy shifts and the ongoing Russia-Ukraine war.
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Retail prices of fuel remain unchanged in Thailand despite a decision to increase the fuel excise tax by 15%, according to Energy Minister Pirapan Salirathavibhaga.
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SINGAPORE – A new entity, Singapore GasCo, has been established to centralise the procurement and supply of natural gas for the power sector to ensure a stable and secure supply at competitive prices.
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Over the last decade, Thailand has been very aggressive on solar power development. There was a time when anyone who produced solar electricity would get a buyback, so we saw a lot of solar farms getting built, reaching a capacity of around 3 gigawatts (GW) at the time.
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PT Pertamina Energy Terminal (PET) established a strategic synergy with Tanjung Langsat Port Terminal (TLPT), one of the port managers and energy terminals from Malaysia, to develop a green energy fuel terminal and a bunker center terminal.
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In recent weeks, Japan has stepped up its clean energy collaboration with ASEAN nations, highlighted by former Prime Minister Fumio Kishida’s visits to Indonesia and Malaysia on behalf of the Asia Zero Emissions Community (AZEC).
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Jakarta (ANTARA) – Minister of Investment and Downstreaming and head of the Investment Coordinating Board (BKPM) Rosan Roeslani informed that the government is revising the rules to allow third parties to set up electric vehicle charging stations in Indonesia.
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Minister of Industry and Trade Nguyen Hong Dien has emphasized that growing global environmental regulations – particularly from Europe and the U.S. – are impacting Vietnam’s GDP and approximately 20 million direct laborers. These changes highlight the urgent need for more efficient energy use across industries.
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.
