AsiaElec - Asia Power
LNG futures trade volumes rise in 2023, reach record level in fourth quarter
The volume of LNG futures trades on financial exchanges climbed by more than 12% in 2023 compared to 2022 according to data from exchanges and brokers.
Astra Group's United Tractors dives into the geothermal sector with Supreme Energy acquisition
PT United Tractors, Astra Group’s subsidiary specialising in heavy equipment, construction, and energy, is set to broaden its business through the acquisition of geothermal power generation company PT Supreme Energy
India's GAIL and Vitol Asia sign 1mn tonnes per year LNG supply contract
India's state gas company GAIL and commodity trader Vitol Asia have inked a long-term LNG deal spanning approximately 1mn tonnes per year for a tenure of about 10 years
State-owned electricity company PLN to implement bundled scheme for large-scale renewable energy projects
The Executive Director of the Institute for Essential Services Reform, Fabby Tumiwa, is urging state electricity company PT PLN to initiate auctions for large-scale renewable energy projects in 2024
India eyes strategic gas storage reserve
The Indian government is considering the establishment of a strategic gas reserve to address the volatility in natural gas prices and reduce dependence on imports
Indonesian energy ministry sets 2024 quota for B35 biodiesel distribution following 2023 implementation
The Ministry of Energy and Mineral Resources has established a distribution quota of 13.41mn kilolitres for B35 biodiesel in 2024
Vietnam proposes VND60 trillion boost for infrastructure and Con Dao power project
The Vietnamese government has proposed allocating approximately $2.5bn to fund 32 traffic projects and the Con Dao power grid project
Indonesia aims to boost coal output for 2024 despite growing domestic consumption
Indonesia has set a target to increase coal production in 2024, surpassing the previous year's output, according to data from the country's energy ministry
Record LNG imports in Asia as prices drop, China leads surge
In an unprecedented development, Asia's imports of LNG soared to a historical peak in December
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