The Malaysian Ministry of International Trade and Industry (MITI) announced in a press release on March 20 that the total trade value of the Southeast Asian economy in February increased 11% annually, reaching 204.99 billion RM (45.68 billion USD).
The Vietnam Oil and Gas Group (Petrovietnam) is taking measures to create favourable conditions for production and trading of gas products in the remaining months of 2022, given negative impacts of the world energy crisis on the consumption demand for liquefied petroleum gas (LPG), and liquefied natural gas (LNG).
To reach high-income status by 2045, Vietnam’s demand for energy is forecast to increase significantly in the next few years. As the trade-off between business efficiency and going green is diminishing, the country is accelerating towards green and sustainable economic growth.
Despite various difficulties, the Vietnam National Oil and Gas Group (PetroVietnam) has rolled out measures to keep operations buoyant in the current situation and to engage in energy transition based on the future of the industry.
PetroVietnam Gas JSC (PV Gas) and the AES Corporation of the US have been granted an investment certificate and a business registration certificate for the Son My liquefied natural gas (LNG) terminal project.
The Russia-Ukraine tension appears to benefit Malaysia's position as a net oil exporter and the sharp rise in oil prices will provide temporary support for the country's fiscal position, according to World Bank senior country economist Shakira Teh Sharifuddin.
Vietnam expects good results in foreign direct investment (FDI) attraction in 2022 and following years, with good signals seen right from the beginning of this year, reported the Da tu (Investment) newspaper.
The Japan Petroleum Exploration Co. Ltd. (JAPEX) and Vietnam’s ITECO JSC have freshly signed a share purchase agreement and a pact on comprehensive cooperation that involves the procurement, storage, and supply of liquefied natural gas (LNG) in Vietnam.
The PetroVietnam Power Corporation (PV Power) has signed a cooperation agreement with gas industry company Novatek of Russia, on the development of liquefied natural gas (LNG) and energy projects in Vietnam.
Japan's Shizuoka Gas Co. will engage in supplying industrial natural gas in Thailand next year by investing in a local firm and developing new customers in the Southeast Asian country.
Vietnamese Ambassador to the US Ha Kim Ngoc on June 23 met with Republican Senator Dan Sullivan of Alaska state to discuss measures aimed at further promoting the Vietnam - US comprehensive partnership.
Authorities of the south central coastal province of Khanh Hoa have sought the Prime Minister’s backing of two major projects with total investment of more than 27 billion USD proposed by the Millennium Energy Corp of the US at the Van Phong Economic Zone (EZ).
With a 192km-long coastline and 52,000sq.km fishing ground, the south central province of Binh Thuan has great potential for marine economy development. The locality, with largest titanium reserve, has also implemented many tourism, energy and industrial projects.
With highly favourable natural conditions, the south-central coastal province of Ninh Thuan is preparing a plan to become a renewable energy centre in Vietnam and to develop the sector into a pillar of the local economy.
Singapore will harness four switches to transform and diversify energy supply, so as to achieve its vision of a clean and efficient energy future, Tan See Leng, Singaporean Second Minister for Trade and Industry, said at a parliament meeting on January 5.
The Mekong Delta has recently attracted many large projects worth trillions to tens of trillions of VND, which are promoting economic development there.
The Trilateral Vietnam-US-Japan Commercial Liquefied Natural Gas (LNG) Forum took place on December 2 to advance shared energy goals, the US Department of State announced on its website on December 3.
Many foreign and domestic companies are keen on building multibillion-dollar liquefied natural gas power and storage plants in the central province of Khanh Hoa.
Delegates at the 14th East Asia Summit (EAS) – Energy Ministers’ Meeting on November 20 reiterated the significance of ensuring stable supply and clean energy with affordable prices to support economic and daily activities.
A memorandum of understanding (MoU) on the building of a 3,200MW liquefied natural gas-fired power plant in the Mekong Delta province of Bac Lieu was signed between representatives of the provincial People’s Committee and Singapore’s Delta Offshore Energy Pte.Ltd (DOE), at a ceremony in the locality on October 12.
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