Total: “We have taken the call to limit the income going to the military junta. We have tried everything to reduce this.”

Energy giant, Total was forced to justify its response to the Myanmar coup to shareholders yesterday amid growing pressure from international campaigners to halt payments to the military regime. Speaking at the company’s annual general meeting, Total’s chairman and chief executive Patrick Pouyanné said the company ...

Myanmar Now

It’s decision time for Southeast Asia as power demand soars

Southeast Asia’s energy demand is expected to grow by two-thirds by 2040, requiring massive investment in new energy generation and transmission. Installed capacity will double from 240 gigawatts to 565 gigawatts, which amounts to adding a bit more than Japan’s total electricity capacity. Keep reading ...

Myanmar power plans could spare the Salween

Myanmar and Thailand have announced plans for major gas power projects, as well as greater moves to adopt renewable energy sources. The news will cheer conservationists battling to prevent large dams being built on major rivers in the north of Myanmar. ...

JIM POLLARD

Laos, Vietnam speeding up oil pipeline project

Lao authorities are gearing up to realize the planned bonded warehouses and pipeline project from Vietnam’s Hon La port to Laos’ Khammuan province as the countries’ leaders agreed to speed up implementation. Keep reading ...

Souksakhone Vaenkeo

Shell says cancels sale of Thai gas field stakes to Kuwait's KUFPEC

Royal Dutch Shell said on Wednesday it has cancelled a $900 million deal to sell its gas field stakes in Thailand to Kuwait Foreign Petroleum Exploration Company (KUFPEC). Shell and KUFPEC announced the deal in January, and it was due to be completed in the first ...

Florence Tan

PTT proceeds with gas spin-off

PTT Plc, the national oil and gas conglomerate, says it is in the process of separating its gas balance sheet from PTT to spin off the business. President and chief executive Tevin Vongvanich said this is part of a plan to compete in the gas industry ...

Gas discovered at Block A-6 offshore well in Southern Rakhine

Gas has been discovered at a deep water exploration well in Block A-6 of the Southern Rakhine Basin in the Bay of Bengal, according to government officials and statements made by operators of the block. Gas was tested to be flowing at 50 million cubic ...

LPG market wide open for competition

After more than three decades of government manipulation, liquefied petroleum gas (LPG) trading has been completely liberalised as of today, say industry officials and experts.Keep reading ...

Petronas LNG supply in reach

PTT Exploration and Production Plc (PTTEP) is to secure the supply of liquefied natural gas (LNG) by purchasing a 10% stake in an LNG production resource of Malaysia’s national oil firm, Petroliam Nasional Berhad (Petronas), for US$500 million (16.7 billion baht).Keep reading ...

Myanmar to receive revenues from China-Myanmar crude oil pipeline

Myanmar will gain financially from the China-Myanmar crude oil pipeline, which began operations in early April after the two countries signed an agreement for the transport of crude oil, said officials. The crude oil transport agreement was signed on April 10 in Beijing during president U ...

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