LNG

Retail Asia26/12/2022

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Indonesia aims to export natural gas to Vietnam starting 2026 from the Tuna offshore block located near the Indonesian and Vietnamese maritime border, the country’s energy minister said on Friday. Southeast Asia’s biggest economy may deliver 100 to 150 million standard cubic feet per day of gas through a gas pipeline from the Tuna block […]

Retail Asia29/07/2022

The Ministry of Industry and Trade wants coal-fired plants with a capacity of 14,120 megawatts scrapped from electricity production plans for Vietnam to achieve net-zero emissions by 2050. The plants were included in Power Development Plan 7 (for 2011-20) and have not been built due to delays. Now, the ministry does not want them to […]

Retail Asia25/07/2022

Liquefied natural gas (LNG) power has been considered a major part of Vietnam’s solutions for reducing carbon emission, but the country is facing several hurdles in using it. LNG emits half the amount of carbon compared to coal in electricity production, therefore several experts recommended that Vietnam focuses on it alongside renewable sources to achieve […]

Retail Asia02/01/2019

Samsung Heavy Industries said Monday that it has clinched a deal worth 210 billion won ($189 million) to build a liquefied natural gas (LNG) carrier. The contract, with a European shipper, calls for Samsung Heavy to deliver the vessel by March 2021, the company said in a regulatory filing. With the latest contract, Samsung Heavy […]

Retail Asia30/11/2018

LNG Canada, the US$30 billion (RM125.7 billion) liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petroliam Nasional Bhd (Petronas) signed an initial sales deal with trading house Vitol. Royal Dutch Shell decided in October to construct the export terminal. It was the first major investment decision in a new North […]

Retail Asia12/11/2018

Moody’s Investors Service has downgraded Petronas LNG Ltd’s (PLL) ratings outlook to “negative” from “stable”, following the same outlook revision for its parent company Petroliam Nasional Bhd’s (Petronas) yesterday. At the same time, the rating agency has affirmed PLL’s A3 foreign and local currency issuer ratings. Moody’s said the changes reflects its negative outlook on […]

Retail Asia08/02/2018

Bangladesh signed an agreement with Indonesia on Sunday (29/01) to open talks on imports of liquefied natural gas, as the South Asian country turns to the supercooled fuel to fill a shortfall of domestic natural gas. A letter of intent was signed between two state energy companies, Petrobangla and Pertamina, after a meeting between Bangladeshi […]

Retail Asia11/12/2017

Oil giant BP is hoping to open around 350 petrol stations and convenience stores in Indonesia over the next decade, teaming up with Indonesian petroleum and chemicals logistics company AKR Corporindo to cater for drivers in Asean’s largest market. The joint venture would form a company, PT Aneka Petroindo Raya, to operate as BP AKR […]

Retail Asia05/05/2016

South Korea will cut retail natural gas prices for households and industry by an average of 5.6% from May 1 to reflect reduced LNG import costs, the Ministry of Trade, Industry and Energy said Thursday. It marks the third cut this year after rates fell 9% in January and 9.5% in March. South Korea cut […]

Retail Asia31/12/2015

South Korea will cut retail natural gas prices for households and industry by 9% on average from January 1 to reflect the lower LNG import bill as a result of sliding oil prices, the Ministry of Trade, Industry and Energy said Tuesday. “The government will further lower city gas rates if LNG imports costs continue […]

Tag: LNG

Indonesia aim to export natural gas to Vietnam in 2026

Remove 14,100 MW of coal plants from plan

LNG power developers in troubled waters

Samsung Heavy lands $189 million LNG carrier deal

LNG Canada investor Petronas signs gas supply deal with Vitol

Moody’s downgrades Petronas LNG’s ratings outlook to negative

Bangladesh Signs Deal With Indonesia for LNG Imports

BP to expand in Indonesia

South Korea cuts natural gas rates by 6% on lower LNG import costs

South Korea cuts natural gas rates 9% from Jan on lower LNG import bill