Energy Update: December 3, 2018

 

Energy Update | December 3, 2019
Authors: Riley Smith, Tra Nguyen and Bryan Yeoh

LOOKING AHEAD

December 5: The 1st Asia Pacific LNG Investment Summit Philippines

December 11 - 13: 2018 Myanmar Business Mission

THE COUNCIL'S TAKE

China-Philippines Joint Exploration and Development Plan for Oil and Gas in South China Sea Raises Concerns

On November 20, the Philippines Foreign Secretary Teodoro Locsin Jr and Chinese Foreign Minister Wang Yi signed a Memorandum of Understanding agreeing to jointly explore and develop oil and gas resources in the West Philippine Sea, the area of the South China Sea that falls within the Philippines’ Exclusive Economic Zone. The MOU was one of 29 signed between the Philippines and China during Chinese President Xi’s two-day state visit to the Philippines. The state-owned China National Offshore Oil Corporation and a yet to be decided Philippine counterpart will execute the joint exploration and development plan. The energy deal has been met with strong opposition and skepticism from the public and many politicians, who allege that the deal could potentially undermine the country’s territorial claims in the South China Sea. Both China and the Philippines claim overlapping portions of the South China Sea. However, in July 2016, the Permanent Court of Arbitration (PCA) in The Hague dismissed China’s 9-dash line, which Beijing used to justify its expansive territorial claims over the South China Sea, including portions of the West Philippine Sea. (More information on the PCA’s ruling can be found here.)

Presidential Spokesperson Salvador Panelo described the MOU as a "framework" that is “not legally binding.” The MOU explicitly states that all discussions and negotiations made by the two countries pursuant to the deal “will be without prejudice to the respective legal positions of both governments” and does not “create rights or obligations under international or domestic law.” The MOU “would not affect the respective position on sovereignty and maritime rights and interests of the two parties.” Rather, the MOU creates a body to study how the two countries can jointly explore and develop marine resources in the future. The Philippines and China will finalize details of their “cooperation arrangement” on oil and gas exploration by November next year. Unlike a memorandum of agreement, the MOU represents a lower level of commitment between the parties.

Maritime experts, legal scholars and fishermen were among those most concerned by the joint exploration deal between the Philippines and China. Acting Supreme Court Chief Justice Antonio Carpio said that using the words “joint exploration and exploitation” in an agreement would constitute a violation of the Philippine Constitution. Professor Herman Kraft from the University of Philippines shares similar sentiment. He penned that the Constitution allows marine resources in the country’s exclusive economic zone to be used for the benefits of Filipino citizens only. Philippine opposition senators have demanded that President Duterte reveal more details of the agreement. Despite the Duterte administration’s attempts to strengthen ties with Beijing, the Philippine public remains highly distrustful of China. A Social Weather Stations survey released just before President Xi’s visit to Manila showed that China is the most distrusted nation among Filipinos. This anxiety over Beijing’s intentions in its dealings with the Duterte administration were evident when, before President Xi arrived, hundreds of protesters had marched down on China Embassy in Manila to oppose to the Duterte administration seeking closer ties with Beijing.

Beyond the potential domestic repercussions of the joint exploration agreement, there is the possibility that it could also be seen as setting a regional precedent with regard to China’s territorial claims over the South China Sea. In response to this development, the Vietnam Ministry of Foreign Affairs said that the Philippines-China joint oil activities must follow international law, which states that joint oil exploration can only be conducted in waters over which the two exercise sovereignty and sovereign rights. However, the situation in the South China Sea is complicated by overlapping claims between various ASEAN Member States and China.

Vietnam Projected to Face Gas Shortage by 2020

Nguyen Quyet Thang, director of the market division at the PetroVietnam Gas Corporation, told a conference earlier this month that, due to declining domestic gas supply and rising electricity demand, Vietnam will experience a shortage of gas supply shortage as early as 2020, requiring it to purchase liquefied natural gas (LNG) from overseas exporters. The government is building two gas storehouses in Vung Tau and Binh Thuan Province, which are scheduled to be completed in 2020 and 2023, respectively. The government will also attempt to develop a policy framework aimed at stimulating Vietnam’s nascent LNG industry.

Vietnam is gradually shifting its focus from coal to gas, a shift that is seen in other countries around the world. Since 2016, annual gas consumption is on track to reach 11-15 billion cubic meters per year by 2020 and 13-27 billion cubic meters per year from 2021-2025, while annual gas imports are projected to reach 1-3 billion cubic meters for 2021-25 and 6-10 billion cubic meters for 2026-35. On November 13, the International Energy Agency (IEA) reported that natural gas is likely to replace coal as the second largest energy source in the world by 2030 as countries’ undertake steps to reduce carbon emissions. Overall, the IEA projects that global gas demand will rise 1.6% annually until 2040, and that it will be 45% higher than the current demand.

Malaysia Implements B10 Biodiesel Program

On November 26, Primary Industries Minister Teresa Kok announced that the Malaysian Cabinet has had approved a mandate to increase the minimum bio-content in biodiesel fuel from 7% to 10%, starting December 1. The change will mainly affect the transportation sector and other subsidized sectors, with the switch over to 10% happening in stages. The government expects full implementation of the B10 biodiesel program by the start of February 2019. In addition, the government has secured an agreement with the industrial sector through the Federation of Malaysian Manufacturers to use B7 biofuel. The government aims to increase demand and sustainability of the domestic palm oil industry through these measures. Palm oil use in Malaysia is expected to double because of the policy shift.

ADVOCACY UPDATE

Sponsorship Invitation: Report on How Industry 4.0 and Digitalization are Transforming ASEAN’s Energy Sector

The US-ASEAN Business Council, in conjunction with the ASEAN Centre for Energy, is soliciting sponsorship for a publication that will examine how Industry 4.0 is transforming ASEAN's energy sector. The changes brought about by the innovative technologies and processes that characterize Industry 4.0 will affect multiple sectors. In the energy sector, Industry 4.0 is most readily seen in the trend of digitalization and the implications this trend has for improving energy efficiency and the operations of energy assets, as well as the application of big data and analytics to provide deeper insight into patterns and trends.

The main goal is for the report to highlight the best practices and recommendations of our members companies that have had to adapt to digitalization in the energy sector. We also want the report to serve as a stepping stone to deeper engagement with the ASEAN Energy Ministers during the annual ASEAN Ministers on Energy Meeting (AMEM). Specifically, with the support of ACE, we aim to present the report at the 37th AMEM in September 2019. The report is also meant to feed into future projects examining how the digitalization trend can help ASEAN achieve the key goals of the ASEAN Plan of Action for Energy Cooperation (APAEC) 2016-2025.

The report will include:

  • An overview of the trend of digitalization in ASEAN’s energy sector;
  • Case-studies on how U.S. companies operating in ASEAN’s energy sector have successfully adapted to the digitalization trend;
  • Recommendations for ASEAN Governments on what policies to implement to best position their energy markets for the digitalization trend.

For more information on the report and sponsorship opportunities, please contact Riley Smith at rsmith@usasean.org.

 
IN THIS UPDATE
 
 

Regional Affairs
Overcoming challenges to sustainable energy development
Making Southeast Asian electricity grids smarter
TBC and AC Energy to build 1.5GW wind projects in South East Asia

Brunei
Oil, gas industry leaders must uphold integrity, says minister

Cambodia
Cambodia’s solar regulation

Indonesia
Indonesia eyes looser foreign investment caps for geothermal energy
Govt wants to generate 1 GW of rooftop solar power in 3 years
Pertamina allocates US$5.5bn for capex in 2019
PLN admits electricity still too expensive for industry
Government to reduce fuel, gas use for electricity
Indonesia's Energy Subsidy Spending Far Above Target in 2018
Indonesia boosts domestic palm oil consumption as currency pressures mount
PLN issues list of qualified clean energy developers
Auction for early stage geothermal development areas in West Sumatra, Indonesia

Laos
More Southeast Asian Dam Disasters Likely Unless Funders Ensure Higher Standards

Malaysia
Malaysia plans 500-MW solar tender in early 2019 - report
New govt policies to boost affordable solar energy: Minister
Malaysia to fully implement new biodiesel programme from February 2019
Government optimistic of meeting 20pc renewable energy target over next seven years | Malay Mail
Malaysia's Petronas sets up team for renewable energy push
Ministry to study proposal to standardise electricity tariffs for school and Govt buildings
Amid oil price scare, minister says Malaysia not too dependent on crude revenue
Govt looking at renewable energy sources for electricity, says Yeo
Oil, commodities price dampener for Malaysia

Myanmar
Better oil and gas deals needed in the future, say experts
24-Hour Electricity in Rakhine to Be Delivered by End of Year

Philippines
PHL reforms pushing renewable power growth, Bloomberg research arm says | BusinessWorld
Philippines biogas facility to produce 50,000MWh energy from fruit waste
‘PHL-China oil deal vital to energy plan’
Meralco sees demand for power up 5% this year
Meralco expects electricity demand to ease in 2019 | BusinessWorld
Fear, cheer greet PHL, China pact on oil, gas
PHL, China ink oil, gas development agreement in West Philippine Sea
Philippine senators ask Duterte to disclose China energy plan
DoE to launch new energy contracting round this week | BusinessWorld
A welcome relief, oil firms say of fuel excise tax freeze
Duterte gives go-ahead for halting 2019 fuel tax hike
 

Singapore
The sharing economy for energy is coming to Singapore
Incentives available to help green buildings
Singapore to spend $10M on new urban technology
Singapore, US pledge to enhance ties in energy, cyber security
Singapore launches blockchain-based renewable energy marketplace
How Singapore’s dynamic digital comparison platform Voltz is set to transform the electricity market
Singapore takes the lead in embracing green energy across ASEAN: report
Mega floating solar panel system to be ready in 2019

Thailand
PTT joins Sertis for smart building hub
IEAT requests LNG demand for Map Ta Phut decision
PTTEP evolves with the times
PTTEP hunts for resources as prices firm
Thailand keen to explore areas of cooperation in SCORE
PTT revising investment to shore up oil risks
Power Surge
Thailand utility eyes 1GW of floating solar on hydro dams, pilots energy storage
ADB signs $227.7m loan deal for 2,500MW power plant in Thailand
ERC raising Ft rate by 1.2% to cover higher fuel costs

Vietnam
Vietnam's power sector needs $150 bln boost by 2030 - World Bank official
More promising offshore energy
Energy sector faces big challenges ahead
VN has great potential for wind power development
Petrol price falls sharply again
Vietnam's Ninh Thuan to hasten development of 748MW wind projects
Vietnam should increase solar FIT to $0.15/kWh, report says
Vietnam, Russia aim to nearly triple trade to $10 billion by 2020
ADB offers solutions for green finance in Vietnam
Vietnam to face gas shortage in 2020: MoIT
Domestic, foreign investors run race to develop solar power projects

 
ARTICLE CLIPS
 
 
Regional Affairs

Overcoming challenges to sustainable energy development Asian Power 28th Nov 2018
Global warming and climate change are already threatening our environment and the world is racing to mitigate these problems, leaving the Association of Southeast Asian Nations (ASEAN) with a development dilemma.

Making Southeast Asian electricity grids smarter The ASEAN Post 22nd Nov 2018
According to a 2018 report by Telcoms and Computing Market Reports, the smart grid market in the region has continually grown and demonstrated significant benefits to consumers and large-scale vendors.

TBC and AC Energy to build 1.5GW wind projects in South East Asia SteelGuru 16th Nov 2018
Singapore’s renewable energy developer and operator The Blue Circle has signed a strategic partnership agreement with Ayala Corporation’s power subsidiary AC Energy. Under the new partnership, the two companies will jointly develop and construct TBC’s pipeline of nearly 1,500MW of wind projects across South East Asia, more than 700MW of which will be built in Vietnam.

Brunei

Oil, gas industry leaders must uphold integrity, says minister Borneo Bulletin 16th Nov 2018
THIRTY-TWO additional signatories from the oil and gas industry operating in the Sultanate have pledge their commitment to uphold integrity in business by becoming new members of the Brunei Energy Industry Business Integrity Pact 2018.

Cambodia

Cambodia’s solar regulation Phnom Penh Post 26th Nov 2018
On january 26, the Electricity Authority of Cambodia (EAC) enacted for the first time a solar generation regulation. The regulation is a new driver for the country’s solar photovoltaic (PV) system development. The solar generation regulation has elevated the regulatory framework in Cambodia with a foreseeable positive impact to its future solar PV development. Having six to nine hours of daylight on a daily basis, the solar irradiation in Cambodia is recorded at 5kWh/m2/day. Despite having such potential, Cambodia is still dependent on imported electricity which accounts for 36 per cent of its power generation last year, which is an increase from 2015 and 2016 (26 per cent and 23 per cent respectively).

Indonesia

Indonesia eyes looser foreign investment caps for geothermal energy Asian Power 28th Nov 2018
FDI is now expected to reach up to 100% in 54 sectors. Indonesia plans to loosen foreign direct investment (FDI) restrictions, with FDI now being able to reach up to 100% in 54 sectors. Reports from Mondaq said there will be no change in respect to ownership (67%) of geothermal power generation of up to 10MW. Ownership limits were set for geothermal operating and maintenance services (90%), power generation beyond 10MW (95% for general, and 100% for PPP during the concession period). The cap was also adjusted for geothermal drilling services (95%), geothermal surveying services (95%), and testing and analysis of electrical installation of high or extra-high voltage electrical power generating and utility installation (49%). “In some sectors, such as power generation, this is not a huge shift as these dispensations already existed,” Mondaq said. “However, it indicates an overall change of stance that sends a positive message to the market, which will in the long run make projects more bankable.”

Govt wants to generate 1 GW of rooftop solar power in 3 years The Jakatar Post 29th Nov 2018
The Energy and Mineral Resources Ministry’s renewable energy director general, Rida Mulyana, said on Wednesday that the government expected rooftop photovoltaic solar panels to produce 1 gigawatt (GW) of electricity nationwide within three years.

Pertamina allocates US$5.5bn for capex in 2019 The Jakatar Post 28th Nov 2018
State energy holding company Pertamina has allocated US$5.5 billion for its capital expenditure (capex) in 2019, 37.5 percent higher than this year’s capex of $4 billion.

PLN admits electricity still too expensive for industry The Jakatar Post 28th Nov 2018
State-owned electricity company PLN has expressed its commitment to lowering the price of electricity for industry, as it is still considered too expensive.

Government to reduce fuel, gas use for electricity The Jakatar Post 23rd Nov 2018
The government is reducing the use of fuel and gas for electricity, a policy that is stipulated in a revision of the Electricity Procurement Plan (RUPTL) from 2019 to 2028.

Indonesia's Energy Subsidy Spending Far Above Target in 2018 Indonesia Investment 19th Nov 2018
Ahead of the legislative and presidential elections (scheduled for April 2019) the Indonesian government is unwilling to impose impopular measures. One of the side-effects is that subsidy spending has gone beyond the target that was set in the 2018 State Budget.

Indonesia boosts domestic palm oil consumption as currency pressures mount Borneo Post 18th Nov 2018
Regulations mandating the use of palm oil in diesel fuel could help ease Indonesia’s dependence on energy imports and stabilise the local currency, while improving prospects for local palm oil producers.

PLN issues list of qualified clean energy developers The Jakatar Post 16th Nov 2018
State electricity company PLN has reportedly issued the list of qualified renewable energy developers that PLN will choose from as operators of new projects.

Auction for early stage geothermal development areas in West Sumatra, Indonesia Think GeoEnergy 14th Nov 2018
Indonesia's Ministry of Energy and Mineral Resources through EBTKE is launching an auction for geothermal preliminary and exploration survey areas (WPSPE) in Bonjol, Pasaman Regency in West Sumatra Province.

Laos

More Southeast Asian Dam Disasters Likely Unless Funders Ensure Higher Standards Radio Free Asia 13th Nov 2018
The Lao dam disaster in July that resulted in heavy flooding in two provinces that left at least 40 people dead and displaced 7,000 others has drawn both regional and international attention to the potential dangers of Southeast Asia’s current dam-building spree.

Malaysia

Malaysia plans 500-MW solar tender in early 2019 - report Renewablesnow.com 28th Nov 2018
Malaysia is expected to launch a 500-MW solar power tender in January, The Start reports, citing a government official.

New govt policies to boost affordable solar energy: Minister www.thesundaily.my 28th Nov 2018
The government intends to provide sustainable, reliable and affordable solar energy for Malaysians through new policies beginning Jan 1, 2019, such as the New Net Energy Metering (NEM) Scheme and Supply Agreement for Renewable Energy (SARE), says Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.

Malaysia to fully implement new biodiesel programme from February 2019 The Business Times 28th Nov 2018
Malaysia on Monday said it will start to phase in a higher biodiesel mandate from next month, with the new rule coming into full force from February in an effort to bolster the palm oil industry.

Government optimistic of meeting 20pc renewable energy target over next seven years | Malay Mail The Malay Mail 27th Nov 2018
The government is optimistic of achieving its target of 20 per cent electricity generation from renewable energy (RE) sources, equivalent to 3,991 megawatt (MW), over the next seven years via various initiatives, programmes and policies.

Malaysia's Petronas sets up team for renewable energy push Reuters 27th Nov 2018
Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday.

Ministry to study proposal to standardise electricity tariffs for school and Govt buildings The Edge Markets 22nd Nov 2018
The Government will study proposals to standardise the electricity tariffs for school and Government buildings, said Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.

Amid oil price scare, minister says Malaysia not too dependent on crude revenue Malay Mail 16th Nov 2018
Minister of Finance Lim Guan Eng insisted today that Putrajaya’s finances will not be affected if oil prices drop.

Govt looking at renewable energy sources for electricity, says Yeo Free Malaysia Today 15th Nov 2018
Putrajaya is looking to increase the generation of electricity from renewable energy sources, to ensure the country achieves its 20% target of renewable energy by 2025, the Dewan Rakyat was told today.

Oil, commodities price dampener for Malaysia The Star Online 15th Nov 2018
The market has also turned nervy, considering the potential impact on oil and gas (O&G) companies as well as the government’s coffers.

Myanmar

Better oil and gas deals needed in the future, say experts The Myanmar Times 15th Nov 2018
According to the “State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises” report by  the Natural Resource Governance Institute (NRGI) and Renaissance Institute, under the conditions of contracts signed decades ago MOGE has to pay over US$100 million (over K200 billion) in taxes annually on behalf of joint-venture firms.

24-Hour Electricity in Rakhine to Be Delivered by End of Year The Irrawaddy 12th Nov 2018
A 30-billion-kyat project to provide 24-hour electricity to four townships in Rakhine State will be completed in December, according to the Department of Electric Power Transmission and System Control under the Ministry of Electricity and Energy.

Philippines

PHL reforms pushing renewable power growth, Bloomberg research arm says | BusinessWorld Business World 29th Nov 2018
The Philippines has achieved a “turnaround” in sourcing power from renewable sources with policy innovations that have helped bring down the cost, putting the country sixth among developing nations in the Climatescope 2018 ranking compiled by Bloomberg New Energy Finance Ltd. (BNEF).

Philippines biogas facility to produce 50,000MWh energy from fruit waste Asian Power 27th Nov 2018
The Philippines’ Metro Pacific Investments Corporation (MPI) inked a deal with agricultural producer Dole Philippines, Inc. (DPI) to design, construct, and operate facilities that will process fruit waste and produce around 50,000MWh of biogas.

‘PHL-China oil deal vital to energy plan’ BusinessMirror 26th Nov 2018
AMID fears the oil deal signed between the Philippines and China would be disadvantageous to the former, Senate President Pro Tempore Ralph G. Recto on Sunday said it is, in fact, “off to good start” given the “positive reviews” given by two eminent persons on the memorandum of understanding crafted by Foreign Affairs Secretary Teodoro L. Locsin Jr. Recto cited the joint statement made by Acting Chief Justice Antonio T. Carpio and former Foreign Affairs Secretary Albert F. del Rosario, that Philippine interests are “safe” and that “nothing is being given away” by the Philippines in its oil exploration agreement with China.

Meralco sees demand for power up 5% this year BusinessMirror 26th Nov 2018
MANILA Electric Co. (Meralco) is expecting electricity demand this year to grow by 4.5 to 5 percent from 2017.

Meralco expects electricity demand to ease in 2019 | BusinessWorld Business World 25th Nov 2018
MANILA Electric Co. (Meralco) expects demand for electricity to ease in 2019 as the year follows two straight years of higher base when relevant economic indicators are relatively tamer, the distribution utility’s top official said. Oscar S. Reyes, Meralco president and chief executive officer, said aside from temperature, which results in a spike in the consumption of electricity, there was greater “liquidity” this year and in the previous year.

Fear, cheer greet PHL, China pact on oil, gas BusinessMirror 22nd Nov 2018
Calls mounted on Wednesday for the Executive to reveal the full text of a cooperation agreement on oil and gas exploration in the South China Sea, signed on the first day of President Xi Jinping’s historic state visit.

PHL, China ink oil, gas development agreement in West Philippine Sea BusinessMirror 21st Nov 2018
After denials that an oil exploration deal is in the works in time for Chinese President Xi Jinping’s visit, the Philippines and China signed on Tuesday an agreement on cooperation on oil and gas development in the West Philippine Sea, along with at least 28 other accords.

Philippine senators ask Duterte to disclose China energy plan Reuters 20th Nov 2018
Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial claims that are not recognized under international law.

DoE to launch new energy contracting round this week | BusinessWorld Business World 18th Nov 2018
THE Department of Energy (DoE) is hoping that a new round of contracting will spur more petroleum exploration ventures and close the resource development gap with regional neighbors. The DoE will launch the Philippine Conventional Energy Contracting Program (PCECP) on Thursday officially opening the application period, which will be for 180 days. DoE Secretary Alfonso G. Cusi said his office was “aggressively pursuing” the implementation of the contracting program to set a strong “Explore, Explore, Explore” program. The program offers two modes of application that potential investors may pursue. First, interested parties may wish to bid on the 14 pre-determined areas identified by the DoE all over the country — one in Cagayan, three in east Palawan, three in Sulu Sea, two in Agusan-Davao, one in Cotabato, and four in west Luzon. The DoE said applicants may opt to nominate and publish other areas of interest to them. Through this mode, applications could be submitted at any time of the year, and subject to a “challenge” period of 60 days.

A welcome relief, oil firms say of fuel excise tax freeze BusinessMirror 16th Nov 2018
OIL companies on Thursday welcomed the government’s decision to suspend the implementation of the second tranche of increased excise taxes on fuels effective January 1, 2019. The Philippine Institute of Petroleum (PIP), which is composed of Petron Corp., Pilipinas Shell, Chevron, PTT Philippines and Isla LPG, said this is a welcome relief to consumers. “The government’s move to address the impact of inflation to our consumers and the general public is appreciated,” said PIP Executive Director Teddy Reyes.

Duterte gives go-ahead for halting 2019 fuel tax hike BusinessMirror 15th Nov 2018
THE government is holding off the increase in fuel excise tax of P2 per liter in 2019, as President Duterte has given his go-ahead to the inflation-busting recommendation of economic managers. Budget Secretary Benjamin E. Diokno said the President may issue an executive order (EO) or a memorandum circular (MC) to authorize suspension of the scheduled hike in fuel excise tax. Diokno, Finance Secretary Carlos G. Dominguez III, and Socioeconomic Planning Secretary Ernesto M. Pernia were informed by Executive Secretary Salvador C. Medialdea that the President has approved their proposal in a memorandum dated November 8. Energy Secretary Alfonso G. Cusi was also given a copy of the memo.

Singapore

The sharing economy for energy is coming to Singapore Eco Business 28th Nov 2018
A local start-up is on the way to bringing peer-to-peer energy trading to Singapore, which its founder says will grow the renewable energy market in the sun-drenched island nation.

Incentives available to help green buildings Today Online 21st Nov 2018
The Building and Construction Authority (BCA) engages the industry periodically to review and enhance the green buildings schemes.

Singapore to spend $10M on new urban technology ZDNet 18th Nov 2018
Singapore government has earmarked S$14 million (US$10.19 million) over three years to fund the development of smart estates and modern technology, such as energy efficient applications.

Singapore, US pledge to enhance ties in energy, cyber security The Straits Times 17th Nov 2018
Singapore and the United States are exploring new turf in their relationship as they reach beyond the traditional domains of defense and trade to grasp opportunities in areas such as driverless cars, energy and cyber security.

Singapore launches blockchain-based renewable energy marketplace PV Magazine 12th Nov 2018
Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group.

How Singapore’s dynamic digital comparison platform Voltz is set to transform the electricity market The Straits Times 12th Nov 2018
Its online price comparison platform allows consumers and electricity retailers to make informed choices and bid — using real-time data.

Singapore takes the lead in embracing green energy across ASEAN: report Singapore Business Review 11th Nov 2018
Rising energy consumption and cost pressures continue to hinder the region's sustainability efforts, the report said.

Mega floating solar panel system to be ready in 2019 The Straits Times 10th Nov 2018
A floating solar panel system roughly the size of five football fields will soon come up near Singapore's northern shores, in the Strait of Johor.

Thailand

PTT joins Sertis for smart building hub Bangkok Post 29th Nov 2018
PTT Plc, the state-owned oil and gas conglomerate, has teamed up with data consultancy Sertis Co to explore business opportunities for a new smart energy building complex, to move the country's energy industry towards renewables.

IEAT requests LNG demand for Map Ta Phut decision Bangkok Post 28th Nov 2018
The Industrial Estate Authority of Thailand (IEAT) is calling for the Energy Ministry to provide a demand projection for liquefied natural gas (LNG) shipped to the Map Ta Phut port.

PTTEP evolves with the times Bangkok Post 26th Nov 2018
Phongsthorn Thavisin was appointed chief executive of PTT Exploration and Production Plc (PTTEP), the SET-listed oil and gas drilling firm, in early October.

PTTEP hunts for resources as prices firm Bangkok Post 23rd Nov 2018
SET-listed oil and gas driller PTT Exploration and Production Plc (PTTEP) is embarking on a rapid expansion of new resources following recent investments and asset acquisitions.

Thailand keen to explore areas of cooperation in SCORE The Star Online 22nd Nov 2018
Thailand is keen to explore potential areas of cooperation with Sarawak, especially in the Sarawak Corridor of Renewable Energy (Score), said its Ambassador to Malaysia, Narong Sasitorn.

PTT revising investment to shore up oil risks Bangkok Post 16th Nov 2018
SET-listed PTT Plc, the national oil and gas conglomerate, plans to revise its 340-billion-baht investment plan after considering the risk global oil prices bring to its future investments.

Power Surge Asian Legal Business 15th Nov 2018
As Thailand becomes one of the world’s first countries to trial blockchain-enabled peer-to-peer trading of solar power, regulators have their hands full drafting rules to catch up.

Thailand utility eyes 1GW of floating solar on hydro dams, pilots energy storage PV Tech 14th Nov 2018
State-run utility Electricity Generating Authority of Thailand (EGAT) is planning to facilitate 1GW of hybrid floating solar-hydro projects across eight dams throughout the country. Thepparat Theppitak, deputy governor, power plant development and renewable energy, EGAT, announced the plans at the ASEAN Solar + Storage Congress & Expo in Manila, the Philippines, organised by Leader Associates.

ADB signs $227.7m loan deal for 2,500MW power plant in Thailand Power Technology 12th Nov 2018
The Asian Development Bank (ADB) has signed a $227.7m loan deal with Gulf SRC Company to build a 2,500MW combined cycle power plant (CCPP) in Thailand’s Chonburi Province.

ERC raising Ft rate by 1.2% to cover higher fuel costs Bangkok Post 9th Nov 2018
The Energy Regulatory Commission (ERC) will increase the monthly electric rate for January-April 2019 to 3.64 baht per kilowatt-hour, up 1.2% from 3.60 baht in the September-December period. Power bills have been stable over the previous four periods from September 2017 to December 2018, making it the first rise in 16 months, said ERC secretary-general Naruepat Amornkosit.

Vietnam

Vietnam's power sector needs $150 bln boost by 2030 - World Bank official Reuters 27th Nov 2018
Power-hungry Vietnam, one of Asia’s fastest-growing economies and a production hub for global companies such as Samsung Electronics, needs to raise up to $150 billion by 2030 to develop its energy sector, according to a World Bank official. Vietnam has been struggling to develop its energy industry due to a lack of state funds. The Southeast Asian country’s hydropower potential has almost been fully exploited, oil and gas reserves are running low, and Vietnam recently went from a net exporter to net importer of coal. “The financing requirements of the sector have been huge,” World Bank country director Ousmane Dione said in a speech to Vietnamese government officials and energy partners on Monday, a copy of which was reviewed by Reuters on Tuesday.

More promising offshore energy Vietnam Net Bridge 27th Nov 2018
Vietnam’s huge potential in the offshore wind industry has caught the eye of overseas investors, but further work is required to kick-start the fledgling market, according to energy experts.

Energy sector faces big challenges ahead Vietnam Net Bridge 27th Nov 2018
The challenges the power sector needs to overcome over the next two decades are substantial to ensure it achieves its goals to provide sustainable, clean, affordable and reliable power supply to the people of Viet Nam.

VN has great potential for wind power development Vietnam News 24th Nov 2018
A project called “Support to the Up-Scaling of Wind Power in Việt Nam” has played an important role in promoting wind power investments in Việt Nam.

Petrol price falls sharply again Vietnam News 22nd Nov 2018
The retail price of biofuel E5 RON 92 fell by VNĐ975 to trade at a maximum of VNĐ18,627 (US$0.79) per litre at 3pm today, the Ministries of Industry and Trade, and Finance announced.

Vietnam's Ninh Thuan to hasten development of 748MW wind projects Asian Power 21st Nov 2018
Licences have been given to 12 of 16 planned wind power projects.

Vietnam should increase solar FIT to $0.15/kWh, report says PV Magazine 20th Nov 2018
According to a report published by the Asian Development Bank (ADB), key factors such as the low-regulated price of electricity and uncertainty of the creditworthiness of Vietnam’s state-owned utility EVN are making it difficult to develop bankable solar and RE projects.

Vietnam, Russia aim to nearly triple trade to $10 billion by 2020 Euronews 19th Nov 2018
Vietnam and Russia on Monday agreed to nearly triple bilateral trade to $10 billion (7.7 billion pounds) by 2020 from $3.55 billion last year, while expanding energy ties.

ADB offers solutions for green finance in Vietnam Vietnam Net Bridge 17th Nov 2018
Considering the major barriers to financing renewable energy (RE) projects in Vietnam, researchers at the Asian Development Bank (ADB) have recommended the Government establish more conducive conditions for private investment and strengthen the domestic funding environment through a functional financial market.

Vietnam to face gas shortage in 2020: MoIT Vietnam Net Bridge 15th Nov 2018
Viet Nam may have to import gas from 2020 to produce electricity for the country’s socio-economic development, according to the Ministry of Industry and Trade (MoIT).

Domestic, foreign investors run race to develop solar power projects Vietnam Net Bridge 14th Nov 2018
In the last couple of weeks, several solar power projects capitalized at trillions of dong have kicked off.