1y ago
KUALA LUMPUR, Dec 6 (Bernama) -- BMI, a Fitch Solutions company, has forecast global natural gas consumption to rise in the near term as the Northern Hemisphere winter approaches, supported by strong demand for liquefied natural gas (LNG) across all markets.
1y ago
KUALA LUMPUR, Dec 3 (Bernama) -- The production of crude oil and condensate totalled 41.8 million barrels in the third quarter of 2024 (3Q 2024), declining by 8.9 per cent compared to the previous year, the Department of Statistics Malaysia (DOSM) reported.
1y ago
KUALA LUMPUR, Nov 21 (Bernama) -- Petronas and other stakeholders in Southeast Asia’s energy sector have declared that the sector can play a leading role in the region’s decarbonisation efforts by focusing on reducing methane emissions.
1y ago
KUALA LUMPUR, Nov 11 (Bernama) -- The Employees Provident Fund’s (EPF) investment income rose by RM5 billion to RM19.67 billion in the third quarter (3Q) of 2024, from RM14.67 billion in 3Q 2023.
1y ago
KUCHING, Nov 11 (Bernama) -- Sarawak is projected to experience resilient economic growth of five to six per cent in 2024 due to strong external demand, increased domestic activities and easing inflationary pressures.
1y ago
KUALA LUMPUR, Oct 28 (Bernama) -- Southeast Asia's (SEA) liquefied petroleum gas (LPG) consumption is projected to grow at an average rate of 2.0 per cent annually from 2023 to 2033, according to BMI, a unit of the Fitch group.
1y ago
KUALA LUMPUR, Oct 25 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, announced the completion of its previously announced agreement to acquire an additional 15 per cent interest in Peru LNG (PLNG) from Hunt Oil Company (Hunt).
1y ago
By Siti Radziah Hamzah
KUALA LUMPUR, Oct 9 (Bernama) -- Mitsubishi Power Asia Pacific Pte Ltd aims to expand its gas turbine expertise in Southeast Asia, given the significant utilisation potential of natural gas and liquefied natural gas (LNG) in the region.
1y ago
KUALA LUMPUR, Oct 7 (Bernama) -- Economies across Southeast Asia must overcome increasing energy transition complexities as they balance energy security and lower carbon emissions, according to Black & Veatch, a global leader in critical human infrastructure solutions.
1y ago
KUALA LUMPUR, Oct 2 (Bernama) -- CIMB Securities Sdn Bhd expects the latest MISC Bhd’s liquefied natural gas (LNG) carriers construction contracts from Petronas to contribute RM47 million - RM120 million to its core net profit from the financial year 2027 (FY2027).
1y ago
KUALA LUMPUR, Sept 30 (Bernama) -- Nikkiso Clean Energy & Industrial Gases (CE&IG), part of Nikkiso Co Ltd Industrial Division has received approval in principle (AIP) from ABS for a new ammonia fuel supply system (FSS).
1y ago
KUALA LUMPUR, Sept 27 (Bernama) -- Petroliam Nasional Bhd (Petronas) and Mitsubishi Corporation have signed new agreements to further leverage Petronas’ capabilities in delivering liquefied natural gas (LNG) to international markets, primarily targeting customers in Japan.