Harbour close to Vietnam sales deal for Tuna gas from Indonesia
UK-based Harbour Energy (LON:HBR) is close to finalising a supply deal with Vietnam for natural gas from its proposed Tuna gas development in the Natuna Sea offshore Indonesia.
Vietnam
Unaffordable LNG prices undermine rapid demand growth forecasts in key Asia markets
Sustained high prices may accelerate downward pressures on Asian liquefied natural gas (LNG) demand, clouding long-term industry outlooks.
Japan’s JERA to buy 35% share in Vietnam renewable energy firm for $112m
Japan's biggest power generator JERA said on Tuesday it will spend about 15 billion yen ($112 million) to buy a 35.1% share in Vietnamese renewable energy company Gia Lai Electricity JSC (GEC) to expand its overseas business.
AG&P to launch Philippines LNG terminal this year, eyes Asia expansion
AG&P aims to commission the Philippines' first liquefied natural gas (LNG) import terminal this December as part of the company’s strategy to operate five LNG regasification facilities across Asia by 2025.
Russian nuclear giant eyes Vietnam wind power project
Russian nuclear giant Rosatom's wind power arm NovaWind has signed a deal for a 128MW wind power project in Vietnam. NovaWind and Vietnamese partner An Xuan Energy said a cooperation agreement might see the pair build a wind farm in the northwestern Son La province.
Coal plus renewables will shape energy transition in Asia as $2.9tn in power investment eyed
The coal plus renewables energy transition led by Asia Pacific’s largest growth markets – China and India – is gathering speed. Significantly, it is a lot cheaper than the natural gas plus renewables path followed by the EU and US to lower emissions.
Corio teams up with Vietnam’s FECON for offshore wind power
Corio Generation has signed a joint development agreement with FECON, a leading Vietnamese construction and infrastructure group, for a proposed 500 MW offshore windfarm in Ba Ria, Vung Tau province, Vietnam.
Now is not the time to build new LNG import terminals in Asia, study warns
For price-sensitive liquefied natural gas (LNG) buyers in Asia, now is not the time to build new LNG import terminals, according to the latest study from the Institute for Energy Economics and Financial Analysis (IEEFA).
Samsung C&T wins $940m deal for Vietnam LNG-fired power plants
Samsung C&T will partner with Vietnamese construction company Lilama to build what could be Vietnam's first gas-fired power facilities to be fuelled by liquefied natural gas (LNG) as the country works to transition away from coal.
JERA teams up with ExxonMobil for Vietnam LNG
Japan’s JERA, a 50-50 joint venture between Tokyo Electric Power Company and Chubu Electric Power, is partnering with ExxonMobil for a large LNG-to-power project in Vietnam.
Hibiscus set to triple production now Repsol acquisition complete
Hibiscus Petroleum (KLSE: HIBISCS) has completed its acquisition of Repsol’s upstream assets in Malaysia and Vietnam that will increase the Malaysian-listed company’s oil and gas production almost threefold.
Hibiscus gets Vietnam approvals for Repsol acquisition
Malaysia’s Hibiscus Petroleum has received the joint approval from Petronas and PetroVietnam to take control of Repsol’s interests in the Block PM3 CAA production sharing contract (PSC) and unitisation agreement of the East Bunga Kekwa – Cai Nuoc field under Block 46 PSC.
Japex signs up to develop Northern Vietnam LNG terminal
Japan Petroleum Exploration (Japex) has signed on to construct a liquefied natural gas (LNG) terminal in the north of Vietnam.
Southeast Asia to dominate global deepwater gas activity with $25bn spend
Southeast Asia will lead other regions in having the largest share of new deepwater gas and condensate developments taking a final investment decision (FID) between 2022 and 2025, research from Rystad Energy shows. Significantly, around $25 billion is expected to be spent on greenfield deepwater developments in the region from 2021-2025, up from $2 billion over the prior five-year term.
Enterprize eyes green hydrogen’s potential to ‘supercharge’ Vietnam
Offshore wind developer Enterprize Energy and the Vietnamese Institute of Energy have teamed for a study assessing “green hydrogen’s potential to supercharge Vietnam’s energy capabilities.”
B.Grimm and Siemens join Vietnam LNG-to-power project
Thailand’s B.Grimm Power and Siemens Energy have joined the Energy Capital Vietnam (ECV)-led consortium to develop an LNG-to-power project in Southern Vietnam.
Vietnam leads the pack in Southeast Asia as wind power projects surge
Vietnam is leading the pack in Southeast Asia for wind power installations with 3.98GW installed as of October, up from 103MW in 2020. The country now ranks among the global top ten markets for installed wind power capacity, even though its offshore sector has yet to lift off.
Russia’s Novatek eyes foothold in Vietnam LNG market following pact
Russian LNG exporter Novatek has signed a cooperation agreement with Vietnam's PetroVietnam on developing potential liquefied natural gas (LNG) and power projects in the southeast Asian country.
Scotland to help Vietnam develop offshore wind
The Scottish government is committed to expanding the Scotland-Vietnam relationship as the power-hungry Southeast Asian nation hopes to expand its nascent offshore wind sector. Significantly, there will be increasing opportunities for Scottish companies as Vietnam eyes offshore wind development in deeper waters.
Global demand for offshore wind cables forecast to skyrocket
Global demand for offshore wind farm cables has soared in recent times as work to scale up the deployment of turbines intensifies.
ExxonMobil board debates dropping giant projects in Vietnam and Mozambique
ExxonMobil’s (NYSE:XOM) board of directors is debating whether to continue with several major oil and gas projects, that have high projected emissions profiles, as the supermajor reconsiders its investment strategy in a fast-changing energy landscape, the WSJ reported.
More Jackdaw, more gas, less Jackie Bird
After some days contemplating the lack of gongs for Energy Voice at the Scottish Press Awards, normal service resumes, sans Allister and Jackie Bird.
EDF and VinaCapital to invest $100m in Vietnam solar
France’s EDF Renewables (EPA:EDF) has made a significant investment in VinaCapital’s SkyX Solar, a rooftop solar power developer in Vietnam as the market continues to boom.
Vietnam wins big offshore wind construction deal
Vietnam has won a key deal to build two substations for the Hai Long offshore wind project in Taiwan. The contract award, announced today, marks the largest offshore substation deal for a Taiwanese project to date, and the first in Vietnam.
Vietnam’s PV Power seeks $1.4bn loan for gas-to-power
Vietnam's state-run PetroVietnam Power Corp (HM:POW.) has signed a deal to allow a consortium of two local banks to arrange a $1.4 billion syndicated loan for two liquefied natural gas (LNG) projects, the government said yesterday.