Lng

Singapore (VNA) - More firms have set up liquefied natural gas (LNG) desks in Singapore to capitalise on growing demand for gas in Asia, Singapore’s Trade and Industry Minister Chan Chun Sing said. Singapore has currently over 50 companies with an LNG trading or business development presence in Singapore, Trade and Industry Minister Chan Chun Sing told the Gastech virtual summit held early this week. They include key buyers of LNG such as Osaka Gas setting up trading operations in Singapore, according to the minister. A push for more transparency in the sector has boosted spot trades of Asian LNG. Singapore, which is the Asian oil trading hub, is seen as a natural hub for LNG especially for companies that already have a presence in the city-state and are looking to expand into LNG. Chan said the companies have chosen Singapore due to the "rich eco-system" of companies across the LNG value chain, Singapore's close links to the growing region and the ease of doing business in … [Read more...] about More than 50 firms set up LNG desks in Singapore

Jakarta (VNA) – The Indonesian Ministry of Energy and Mineral Resources and the Indian Ministry of Coal are working together to develop and test the underground coal gasification (UCG) technology in two locations in India’s West Bengal and Rahihajit regions. Technology Director at the Indian ministry Peeyush Kumar said the implementation of UCG technology is expected to help increase energy availability, conserve natural resources and reduce energy costs. This technology is considered suitable for application in Indonesia and India. Moreover, the two countries have similarities in the proportion of fossil energy reserves, namely having coal reserves far greater than oil and gas reserves. In detail, this technology will extract and convert coal below the surface into synthesis gas (syngas) in an on-site manner. Besides being able to be used as fuel for power plants, this unconventional technology also produces syngas for various purposes such as petrochemical and … [Read more...] about Indonesia, India work to develop underground coal gasification technology

Specifically, it will convert the fuel used by the Hiep Phuoc 375MW Thermal Power from fuel oil to liquefied natural gas (LNG). Solar and wind power sources will also be exploited. These power sources need to be put into operation from 2021-23 to compensate for delayed supplies from incomplete thermal power plants. … [Read more...] about Viet Nam to face power shortages

Notably, 10 major power projects were supposed to go into operation from 2016-20 according to the adjusted plan, but they have been delayed beyond 2020. The projects in question are Song Hau 1 (1,200MW), Thai Binh 2 (1,200MW), Long Phu 1 (1,200MW), Na Duong 2 (110MW), Cam Pha 3 ( 440MW), Cong Thanh (600MW). Renewable energy sources (mainly solar power) have grown much faster than their targets thank to the impacts of development incentive policies. … [Read more...] about Vietnam to face power shortages

The minister said his ministry had been working on a power development plan for the country which outlined steps to be taken to address these issues including increased efforts to attract FDI investment and seeking government support for BOT projects. The plan is to be submitted to the Prime Minister no later than this October.  … [Read more...] about Ministry proposes overhaul of investment framework for power projects