LNG

Indonesia’s Minister of  Energy and Mineral Resources Arifin Tasrif said 68 of the country's 128 oil and gas basins remained entirely unexplored and that international energy companies would receive better terms for exploration and production in the country where the Abadi LNG project is advancing along with the Tangguh LNG expansion.

Vietnam has approved its latest power development plan with liquefied natural gas imports and pipeline natural gas at its centre, while also including some renewables and reduced coal-fired electricity generation.

Energy World Corp., the Australian-listed company with LNG and power projects in the Philippines and Indonesia, has launched a capital-raising operation among shareholders and is seeking loans from financial institutions to help complete its various ventures.

Energy World Corp., the Australian-listed developer of LNG and power projects in the Philippines and Indonesia, has apologised to shareholders for the slow progress and pointed out that just by almost standing still the assets had gained in value.

Malaysian energy company Petronas, the world leader in floating liquefied natural gas output, said its second liquefaction hull, the “PFLNG Dua”, had entered production and confirmed that the state energy company of Thailand has debuted as an equity LNG producer.

Vietnam is making progress on several liquefied natural gas import projects to support associated power plants and one such venture in Bac Lieu Province in the southern Mekong Delta has signed a technology license agreement with Stena Power and LNG Solutions for jetty-less LNG receiving and regasification technology.

PTTEP of Thailand, the oil and gas producer and LNG stakeholder, said it was aiming to maximize the value of existing projects and was proceeding with the development of the Mozambican Area 1 project with its partners and the Algeria Hassi Bir Rekaizto venture to contribute to long-term growth.

Murphy Oil, the US exploration and production company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture with state energy company Petronas, has returned a third-quarter profit after posting a loss in the same three months of 2017.