(Oil and gas)

PTT Plc., the national oil and gas conglomerate, forecasts Thailand’s fuel consumption will increase by two to three percent this year, in line with the country’s economic growth. The outlook was trimmed from the previous forecast because demand is expected to slip after subsidy cuts, ...

Despite their stated aim of boosting low-carbon growth, World Bank policy loans to countries like Indonesia are creating subsidies for coal, gas and oil projects, according to a report released today by the nonprofit Bank Information Center. At the same time, these policy programs undercut ...

Given continued American global naval supremacy, which is unlikely to be challenged successfully in the foreseeable future, Beijing’s highest strategic priority is to ensure energy security by connecting friendly major oil and gas producers to China via pipelines transiting through land routes beyond the effective ...

Sharply decreasing Liquid Natural Gas (LNG) output and increasing prices of new gas resources are forcing Việt Nam to look to increase LNG imports. The country is expected to import five million tonnes of LNG by 2025. The figure is expected to increase to 11 ...

President Trần Đại Quang pledged that Việt Nam will encourage its business community to invest in Myanmar, especially in agriculture, fish farming, mining and tourism. At a meeting with visiting Myanmar Minister of Home Affairs Kyaw Swe in Hà Nội yesterday, the President said that Việt ...

Indonesia has suspended its membership of the Organization of Petroleum Exporting Countries, less than a year after rejoining the cartel, as the net oil importer said it could not agree to the group’s production cuts. The decision came as the cartel agreed its first oil ...

The bidding for the Erawan and Bongkot petroleum blocks in the Gulf of Thailand may be delayed further, from next March to the second quarter of 2017, says Energy Minister Anantaporn Kanjanarat. The Energy Ministry had aimed for the new auction of gas fields to take ...

Singapore-listed KrisEnergy Ltd has upped its stake in the Block A offshore oil field to 95 percent, acquiring the shares of two minority stakeholders who had opposed the Cambodian government’s attempts to renegotiate a revenue-sharing model, the company revealed in its third-quarter filings. The document, ...

Việt Nam and Myanmar have agreed to further enhance political and diplomatic ties via increasing all-level visits and contacts through Party, government, State, National Assembly channels and people-to-people exchange. The agreement was reached during talks between President Trần Đại Quang and Myanmar President Htin Kyaw following ...

Cambodia’s oil and gas reserves will not see any production until at least 2018, according to a report by London-based BMI. “A deferral of development at Kris Energy’s Block A, which is the most progressive development in the country, prompted us to remove our forecast of ...