Indonesia is gearing up to move away from a predominantly coal-based economy to one focused on natural gas and renewable energy sources to achieve its pledge of net zero emissions by 2060.
Thailand is planning to boost domestic gas production and increase gas purchases from neighbouring countries to reduce its dependence on liquefied natural gas (LNG) as gas demand is expected to rise in Asia.
Green transition in the energy sector is a key trend in the world and is one of Vietnam’s current top priorities. Vietnam is among countries with great potential to invest in new renewable energy sources such as solar, wind and ocean wave power, and biogas.
Sembcorp Gas Pte Ltd, a subsidiary of Singapore-based energy firm Sembcorp Industries, has signed a deal to import natural gas from Medco E&P Natuna Ltd, a unit of Indonesian oil and gas company PT Medco Energi Internasional Tbk.
ASEAN will more than double its natural gas demand to 350 billion cubic metres by 2050 as the region shifts away from coal-fired power generation, according to the Gas Exporting Countries Forum (GECF).
Indonesia aims to export natural gas to Vietnam starting 2026 from the Tuna offshore block located near the Indonesian and Vietnamese maritime border, according to Indonesian Minister of Energy and Mineral Resources Arifin Tasrif.
The Vietnam – Russia oil and gas joint venture Vietsovpetro aims to exploit over 2.9 million tonnes of oil equivalent and 65.4 million cu.m of natural gas next year, according to the company.
Indonesia has depended much on imported fossil fuels in recent years, but the country’s Government is working to further reduce the import and phase it out by 2030.
The PetroVietnam Exploration Production Corporation (PVEP) has reported an oil equivalent output of 2.01 million tonnes in the first half of 2020, 4 percent higher than its target.
The Vietnam Business Forum will roll out next week the second edition of the Made in Vietnam Energy Plan (MVEP 2.0), a business case for the primary use of Vietnam’s domestic resources to stimulate investment in clean, secure and affordable energy generation.
Myanmar's natural gas export hit 3.5 billion USD in the first 11 months of the fiscal year 2018-2019 ending September, according to the Ministry of Commerce.
An estimate of 54.6 million jobs were added to the Vietnamese workforce in the first three months of 2019, up 0.11 percent from the last quarter of 2018.
Buses using compressed natural gas or CNG are deemed more eco-friendly than normal buses, however Hanoi’s plan to introduce a new fleet of buses has been hindered by multiple obstacles.
The Vietnam-Russia Oil and Gas Joint Venture, Vietsovpetro, set a goal to reduce more than 2,200 workers in Block 09-1 from 2016-2020 as an effort to step up its restructuring.
A gas processing plant in U Minh district of the southernmost province of Ca Mau, designed with a capacity of 6.2 million cubic metres per day, will finish trial operations and begin commercial production in June 2017.
