The Vietnam Oil and Gas Group (PetroVietnam) sustained its production and business activities in the first eight months of 2020 despites many oil and gas firms around the world struggling with the “dual crisis” of COVID-19 and prolonged low oil prices.
The 38th ASEAN Senior Officials Meeting on Energy (SOME 38) took place online on August 24 to review a series of activities and prepare for the upcoming 38th ASEAN Ministers on Energy Meeting (AMEM).
The Asian Development Bank (ADB) has pledged to double loan commitments to Indonesia this year to facilitate economic recovery in one of its biggest client countries.
In the wake of Vietnam’s first ever National Energy Summit in July 2020, Swedish ambassador Ann Måwe reflects over Sweden’s journey, and areas where the two countries can cooperate in the development of renewable energy.
The International Energy Agency (IEA) has predicted that Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region.
IEA said that Vietnam is at an early stage, so the Government needs to develop an appropriate mechanism, which helps minimise risks for investors in developing renewable energy project.
Vietnam is in the early stages of developing renewable energy sources and needs to introduce more incentive policies to attract more investment, experts have said.
Vietnam may have to import gas from 2020 to produce electricity for the country’s socio-economic development, according to the Ministry of Industry and Trade (MoIT).
ASEAN countries will step up cooperation and share resources to ensure energy security through expanding power grid connectivity and developing renewable energies.
Singapore will impose a carbon tax from next year in an effort to cut its greenhouse gas emissions and make companies more competitive as global agreements on climate change take effect.
The Republic of Korea (RoK) maintains the second-largest coal subsidies in the world, as other countries move to cut state support for such energy programmes, the Yonhap News Agency cited a report by the International Energy Agency (IEA).
Southeast Asia’s overall energy demand is expected to increase nearly 60 percent by 2040 led by the growth of fossil fuel and oil in power generation and transport, the International Energy Agency (IEA) said on October 24.
Vietnam must reach crude oil stock levels that are equal to no less than 90 days of net imports following the International Energy Agency (IEA)’s criteria by the year 2020.
Talented students, teachers and observers are taking part in the ASEAN Plus Three Junior Science Odyssey which is underway in Vietnam for the first time with the theme “Renewable Energy For Life”.
The electricity industry must improve its management and technology to reduce losses in the transmission grid as well as eradicate power stealing, which are very serious in rural and remote areas.
Australia’s high-quality coal is in high demand in Southeast Asia and can play a central role reducing energy poverty in the region, according to the Minerals Council of Australia (MCA).
A Vietnamese delegation including representatives from the Department of Atomic Energy and the media attended the AtomExport-2016, which recently took place in Moscow, Russia.
Vietnamese shares saw solid gains on November 13 on both local exchanges thanks to good news about the property market which boosted real-estate developers.
Vietnamese shares on October 13 declined slightly on both local exchanges after a three-day jump as global oil prices fell, dragging local energy stocks down.
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