Non-renewable energy production
(Oil and gas)
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 ...
Việt Nam announces crude oil reserves plan
Việt Nam must reach crude oil stock levels that are equal to no less than 90 days of net imports following International Energy Agency (IEA)’s criteria by the year 2020.Keep reading ...
Tokyo Gas to ferry LNG to remote islands in Southeast Asia
Tokyo Gas is starting a project to efficiently deliver liquefied natural gas to Southeast Asian nations home to many far-flung islands. In energy-hungry Southeast Asia, a number of plans are underway to construct large LNG receiving terminals in such countries as the Philippines, Indonesia and ...
Singapore’s MOSB to become first foreign oil and gas supply base in Myanmar
Myanmar Offshore Supply Base (MOSB), a Singapore company, on July 11 received the green light from the Myanmar Investment Commission (MIC) to construct an oil and gas supply base in Mon State. It will be the first foreign-run oil and gas supply base in Myanmar. ...
Oil resumes slide on worries Middle East rift could sap drive to cut output
Oil prices on Tuesday resumed their slide from the previous session, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market. Persistent gains in U.S. production also dragged on benchmark crude prices, traders ...
Myanmar-China crude oil pipeline to commence next month
After a two-year delay, the Myanmar-China crude oil pipeline is expected to begin operating in May, officials said this week. The respective parties of Myanmar and China were discussing the terms and conditions on the crude oil pipeline operation since its soft opening launched in ...
NLA members face tough choices in bid to reform energy sector
The National Legislative Assembly is set for a showdown over a contentious bill to reform the energy sector with the establishment of a new national oil company. The bill will be debated in the second and final readings today, while the vote is likely to be ...
Joint-venture between British and Myanmar firms eyes oil and gas sector
A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector. Representatives from the UK firm, James Fisher and Sons, and the Myanmar firm Royal Marine Technology Co Ltd, signed a memorandum of ...
Energy market opens up
Thailand has resumed liberalising its energy sector, opening it up to competition again after a decade of policy hiatus when global oil prices were well over US$100 a barrel. During this period, the costs of electricity and gas for the people were heavily subsidised by ...
China's chill hits banks' bottom lines
Unable to shrug off its disappointing performance of the preceding year, Asia’s financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8% compared to 2015 and ...
