The Indonesian government plans to prohibit the export of liquified natural gas (LNG) to help supply domestic industries, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has said.
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).
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 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 Low Pressure Gas Distribution JSC (PV Gas D) – a subsidiary of Vietnam Gas Corporation (PV GAS) -aims to become a leading natural gas products and re-engineered LNG distributor, ensuring clean fuel supply to industrial parks and urban areas in Vietnam, according to its business strategy to 2025.
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 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.
Vietnam creates optimal conditions for Indian companies to continue their long-term operations and expand investment in energy and oil and gas exploration and production in the country’s continental shelf and exclusive economic zone, Vietnamese National Assembly Chairman Vuong Dinh Hue affirmed on December 17.
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.
Despite impacts of COVID-19, the Vietnam Oil and Gas Group (Petrovietnam) fundamentally fulfilled its set targets in the first eight months of this year.
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.
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