Analyst: Myanmar to resume LNG imports following cargo received last month
Myanmar will resume LNG imports in 2019 after receiving half of a cargo of the super-chilled fuel last month. This marks an end to a four-year-long hiatus of shipments. After the civil war, shipments of LNG to Southeast Asia were stopped. Since then, Myanmar has experienced gas shortages and widespread blackouts. Analyst Nelson Xiong said that Kpler expected Myanmar to import 0.4 millions tons of LNG by 2026. Two'restarted' or upgraded LNG to power projects will ramp up to a total 500 megawatts. According to Kpler?data the Dapeng Princess Tanker picked up LNG from the Bintulu LNG Plant in East Malaysia?on 11/12/11 before delivering it the Thilawa FSU?in the south of Myanmar.
JETP estimates Indonesia requires $92 billion for decarbonising the captive power sector by 2050
In a recent report, the Just Energy?Transition Partnership stated that Indonesia will need to invest an estimated $31 Billion by 2030 and a total $92 Billion by 2050 in order to switch?to a greener energy sector in its captive power sector. In recent years, the captive power sector in Southeast Asia, which includes?electricity production?developed by industry for its own use, has expanded rapidly, especially in nickel industrial estates. According to the report, Indonesian JETP Secretariat estimates that captive power will reach 25,9 GW by 2024. Over 75% of this capacity is powered by coal. Nearly 11 GW is in various stages and will use coal.
EnQuest, a UK-based company, expects to exceed its production target for 2025
EnQuest, a North Sea oil producer, said on Wednesday that it expected to reach or even exceed its forecasted output of 40,000-45,000 barrels equivalents per day (boepd), as it increased expansion in Southeast Asia. Along with other energy companies, the company is investing in gas production and exploration in the region in order to meet increasing power demands from a growing population and an increase in data centres. EnQuest announced that it completed its Seligi 1b gas project nine months earlier than expected, with full production to be achieved in January 2026. It also said that recent acquisitions in Vietnam had increased output.
Report: China invested $80 billion in cleantech overseas last year
According to a recent report from the Australian research group Climate Energy Finance, Chinese companies have invested $80 billion overseas in clean technologies to help absorb an oversupply. According to the report published on Sunday, many countries have also intensified their cleantech collaboration with China as a result of U.S. president Donald Trump's new tariffs. This brings China's overseas direct investment in green technology up to more than 180 billion dollars since 2023. Chinese companies dominate the supply chains of clean technologies, such as solar panels and batteries. Chinese investment in clean energy infrastructure creates markets for these products.
Woodside and East Timor target first LNG from Greater Sunrise by 2032
East Timor and Australia's Woodside Energy have agreed to investigate sending gas from large, undeveloped Greater Sunrise field to a new plant that will produce liquefied gas in Southeast Asia. The plant could begin exporting gas in seven years. In a Tuesday joint statement, Woodside and East Timor’s Petroleum and Mineral Resources Ministry said that the agreement requires the two parties to examine the commercial and technological viability of a 5 million-metric-ton LNG project. The plan is to begin production as soon as 2032-2035. This is the first time that the two sides have given a possible start date for the development of the fields between East Timor…
Woodside and East Timor target first LNG from Greater Sunrise by 2032
East Timor and Australia's Woodside Energy have agreed to investigate sending gas from large, undeveloped Greater Sunrise field to a new plant that will produce liquefied gas in Southeast Asia. The plant could begin exporting gas in seven years. In a Tuesday joint statement, Woodside and East Timor’s Petroleum and Mineral Resources Ministry said that the agreement requires the two parties to examine the commercial and technological viability of a 5 million-metric-ton LNG project. The plan is to begin production as soon as 2032-2035. This is the first time that the two sides have given a possible start date.
UBS: Data centres will drive the energy storage boom cycle in the next five years
UBS Securities predicts that the growth of AI-driven data centres in the U.S. will drive a "boom" cycle for energy storage over the next five year as it is necessary to balance out the fluctuations in wind and solar power generation. Yan Yishu, an analyst at UBS Securities in Hong Kong, told the media on Wednesday that global energy storage demand is expected to increase by 40% year-on-year globally in 2026. The demand for AI data centers in the U.S. has been very strong, but the main bottleneck is electricity. The only segment of the U.S. power grid that is expected to grow in the next 5 years will be renewables.
BP Indonesia imports fuel from Pertamina to replenish after a shortage, the company reports.
BP's Indonesian fuel station operator said that it imported base fuel through a unit of Indonesian state energy company Pertamina. This was to replenish supplies following a shortage which has been plaguing private retailers in Southeast Asia’s largest economy. BP Indonesia, BP-AKR and Shell have both reported that they are experiencing inventory shortages of certain gasoline products. This has been happening since late August. BP-AKR stated that it imported base fuels for some of its gasoline via Pertamina Patra Niaga, the retail unit of Pertamina. The government had given the order.
Malaysia shifts from coal to a mix of solar, gas and electricity
Malaysia will shift away from coal and focus on solar power, said the CEO of the state utility Tenaga Nasional on Wednesday. He added that using renewable sources would keep costs low. Southeast Asia's 35 million-strong nation has increased its coal-fired fleet in order to lower electricity costs. However, it plans to increase the use of solar and natural gas - with the latter being cheaper but the former more flexible. Solar is cheaper per unit than coal and gas. In an interview, Megat Jalaluddin, CEO of TNB said that the best option is to have a mix that will address affordability.
Blueleaf Energy India Plans to Receive $75 Million from UK Development Finance Body
British International Investment, the UK's Development Finance Institution, announced on Wednesday that it would invest 75 million dollars to help Blueleaf Energy expand in India, a renewable energy platform owned by Macquarie Asset Management. The funds are intended to speed up the deployment of clean energy in Asia. The investment is to be made into Blueleaf’s utility-scale projects for solar, wind and energy storage in India. It will generate more than 3.2 gigawatt hours (GWh) per year of clean energy. The investment is in line with BII’s broader strategy of accelerating the energy transition for emerging markets.
Enphase Energy's forecast for the fourth quarter revenue is below expectations, signaling a tariff increase
Enphase Energy's fourth-quarter revenue was below Wall Street expectations on Tuesday. The company also said that U.S. president Donald Trump's tariffs negatively affected its margins. Shares of the solar inverter manufacturer fell over 8% following hours. The tariffs are expected to have a negative impact on the company's margins in the current quarter. Enphase said on a call after earnings that it expected limited exposure to recent China-related duties as the company's supplies chain is moving away from China. Enphase pays tariffs of over 40% on cell packs imported from China. U.S.
Trade executives say that global LNG demand will rise as new supplies lower prices.
Trading executives at the Asia Gas Markets Conference on Tuesday said that global liquefied Natural Gas (LNG), demand will rebound due to new supply entering the markets, which is expected to drive prices down and spur the interest of price-sensitive buyers. Mohammad Arif is the head of LNG Asia Pacific at Uniper. He said that demand would gradually develop, with prices under $7-8 per million British Thermal Units (mmBtu). Asian spot LNG is currently priced at $11.20/mmBtu. Benjamin Comninos is the director of trading portfolio optimization for Cheniere. He said that markets like China, India, and Southeast Asia could see a recovery in demand.
Singapore's power demand expected to increase in the next decade
The chief executive of Singapore's Energy Market Authority, who spoke on Monday, said that the expansion of advanced manufacturing and technology in Singapore, as well as the electrification of cars, will increase the growth of power demand in the next decade. EMA CEO Puah Kok Keong said that electricity consumption would grow between 2% to 5% by 2035. This compares with an average increase of 1.9% in the 10 years up until 2024. Singapore's power consumption is growing faster than that of its regional neighbours Australia or Japan, even though they are among the highest energy consumers per capita in the world.
Minister: Indonesia will introduce bioethanol blend gasoline as a mandatory requirement in 2027
Indonesia will impose a 10% bioethanol content requirement for gasoline by 2027 as part of its efforts to reduce its dependence on fuel imports, said its Energy Minister. Southeast Asia aims to increase the use of palm oil and sugarcane biofuels to become energy self-sufficient. But ethanol supply issues have delayed the country's plans to mandate bioethanol in gasoline. Bahlil lahadalia, the Minister of Energy and Mineral Resources of Indonesia, estimated that Indonesia will need 1.4 millions kilolitres to meet the 10% gasoline blend mandate. He told reporters that he planned to get all of the ethanol on domestic markets.
Malaysia: Multilateral power deal delayed due to Thai politics; renewal expected next month
Malaysia's Energy Minister said that Thailand has postponed the renewal of a multilateral power trading agreement in Southeast Asia due to changes in local politics. The Lao PDR-Thailand-Malaysia-Singapore (LTMS) Project to supply hydropower from Laos via Thailand and neighbouring Malaysia is now expected to be renewed in November, Energy Transition and Water Transformation Minister Fadillah Yusof told . The Constitutional Court removed Thailand's prime minister Paetongtarn Shinawatra in August. Anutin Charnvirakul was appointed to the position the following month.
Philippines to Increase Renewable Power Generation as Demand Surges
Philippines expects higher gas-fired and renewable power generation to fuel a projected 6.6% growth in power demand over the next two years, helping reduce dependence on coal, its energy secretary said on Friday.The country will continue to boost gas use for power generation and plans to add more gas-fired capacity to address rising demand, its energy secretary Sharon Garin told Reuters in an interview on the sidelines of the ASEAN energy ministers meeting."The one thing that constrains that is the supply chain of gas. There are no turbines available…
Philippines boosts gas-powered and renewable capacity to meet surge in demand
The Philippines' energy secretary stated on Friday that it expects increased gas-fired power generation and renewable energy to help fuel a projected 6,6% growth in demand for power over the next two year, reducing dependence on coal. In an interview conducted on the sidelines the ASEAN Energy Ministers Meeting, the country's energy secretary Sharon Garin said that the country would continue to increase gas usage for power generation. It also plans to add additional gas-fired capability to meet the rising demand. The gas supply chain is the main constraint. She added that there are no turbines.
Malaysia: Multilateral power deal delayed due to Thai politics; renewal expected next month
Malaysia's Energy Minister said that Thailand has postponed the renewal of a multilateral power trading agreement in Southeast Asia due to changes in local politics. The Lao PDR-Thailand-Malaysia-Singapore (LTMS) Project to supply hydropower from Laos via Thailand and neighbouring Malaysia is now expected to be renewed in November, Energy Transition and Water Transformation Minister Fadillah Yusof told . The Constitutional Court removed Thailand's prime minister Paetongtarn Shinawatra in August. Anutin Charnvirakul was appointed the following month.
East Timor is expecting construction of the first large solar power plant to begin next year
East Timor's state utility chair said that construction on its first large-scale solar power plant will begin in 2026, and it should be operational a few months later. This will help the country reduce expensive diesel imports. Itochu Corp. of Japan and Electricite de France will develop a 72-megawatt photovoltaic power plant in Manatuto and a battery energy storage system of 36-MW. They will also supply electricity to Electricidade de Timor-Leste under a contract lasting 25 years. EDTL Chairman Marito Fereira said that the solar plant would help Southeast Asia’s poorest nation – also known as Timor-Leste – reduce its fiscal burden and cut down on expensive diesel imports…
Indonesia targets B50 biodiesel by the second half of 2026
The mining minister announced on Thursday that Indonesia would implement its B50 Biodiesel Programme in the second half 2026. He added that the plan may eliminate the need for the country to import diesel in the next few years. The largest palm oil producer in the world has launched a biofuel program that blends palm oils with diesel. This reduces the reliance on imported fuel. The program is currently in the B40 phase, which uses 40% palm oil fuel. It was not clear when the B50 program would be implemented. He said that the country expects a drop in diesel fuel imports of nearly 40% from 2024 to 4.9 miliolitres.