AsiaElec - Asia Power
Vietnam seeks Japan, South Korea's help in securing crude oil
Vietnam has approached Japan and South Korea for assistance in securing crude oil supplies as global energy markets face disruption caused by the Iran conflict.
Vietnam prepares for possible flight cuts as jet fuel supplies tighten
Vietnam’s aviation sector has been told to prepare for possible flight reductions from April after China and Thailand suspended jet fuel exports, raising concerns over supply shortages linked to the Iran conflict.
Malaysia limits fuel for Thai vehicles amid shortages
Malaysian petrol stations near the Thai border have limited fuel purchases by Thai-registered vehicles to MYR35 (nearly $8) per fill as authorities move to prevent shortages and curb smuggling.
Thailand confirms oil exports to Laos amid regional concerns
Thailand will continue supplying oil to Laos despite regional fuel security worries caused by the Middle East conflict, Prime Minister Anutin Charnvirakul said on March 15.
Rising fuel prices deepen struggles for Cambodian rice farmers
Rising fuel costs are adding pressure to Cambodia’s rice farmers, who are already struggling with high fertiliser prices and low market returns.
Laos pushes remote work, renewable energy to curb fuel use
The Lao government has unveiled a series of measures to reduce fuel consumption and ease economic pressure from rising global energy prices.
Indonesia, Singapore push forward with clean power exports
Indonesia and Singapore are moving ahead with plans to export clean electricity across their border while also exploring joint initiatives in low-carbon technologies, including Carbon Capture and Storage (CCS)
Coal India unit sets IPO price band
Central Mine Planning and Design Institute Ltd (CMPDI), a consultancy subsidiary of state-owned Coal India Limited(NSE:COALINDIA), has announced the terms of its Initial Public Offering, according to a filing with the market regulator
Samsung SDI signs $1bn ESS battery deal in US
South Korea’s Samsung SDI (006400.KS)has secured a KRW1.5 trillion ($1bn) contract to supply batteries for energy storage systems (ESS) to a US energy company.
South Korea eyes battery subscriptions to slash EV costs
The South Korean government is taking another run at a scheme that could see electric vehicle (EV) buyers subscribing to their batteries rather than purchasing them outright.
Pakistan restricts furnace oil exports, mandates approval amid regional energy tensions
Pakistan has directed domestic oil refineries to obtain prior government approval before exporting furnace oil as authorities move to safeguard local fuel availability amid disruptions to Middle East energy flows.
Pakistan raises kerosene price by 12%
Pakistan has sharply increased the price of kerosene by PKR39.20 per litre, raising the retail rate to PKR358.1 ($1.28) per litre.
Adani Power wins 1,600-MW power supply contract from India’s Maharashtra state
Adani Power has secured a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited for the long-term supply of 1,600 MW of electricity from one of its upcoming ultra-supercritical thermal power projects.
India’s captive, commercial coal mines cross 200mn tonnes output milestone
India’s captive, commercial and other coal mines have together surpassed the landmark of 200mn tonnes of coal production during FY 2025–26, marking a significant milestone for the country’s coal sector.
Climate group files complaint against OCBC over coal exposure in Indonesia
Under the complaint, OCBC is said to have failed to disclose its exposure to high-carbon assets fully. This put them in a position of potentially breaching disclosure rules set by the Singapore Exchange.
Fuel price searches surge in Vietnam as EV interest grows
Online searches related to fuel prices in Vietnam jumped sharply in early March as market volatility intensified, while public interest in electric vehicles (EVs) also climbed
Oil shock could lift inflation, slow Vietnam growth
Rising global oil prices driven by Middle East tensions may place pressure on Vietnam’s economic growth and inflation, an expert has warned.
Thailand’s PTT urges calm as fuel demand rises
Thailand’s energy giant PTT has said that a guideline suggesting limits on fuel purchases at its service stations is only a precautionary measure and not a compulsory restriction.
Thailand rations fuel as Middle East war disrupts supply
Thailand has begun implementing fuel rationing at some petrol stations as authorities rush to secure energy supplies following disruptions caused by escalating conflict in the Middle East.
Laos monitors fuel stocks after sudden price spike
Laos has launched nationwide inspections of fuel stations and storage facilities amid concerns about supply disruptions and possible stockpiling.
Lao Airlines raises ticket fees up to 125%
Lao Airlines has announced a sharp increase in fuel surcharges on both domestic and international flights as soaring global energy prices continue to place pressure on the aviation sector.
Japan considers reviving LNG carrier construction
Japan has fallen well behind China and South Korea in shipbuilding volumes, particularly in the production of LNG carriers.
Korea’s Taihan Cable to construct Vietnam high-voltage cable plant
Taihan has started building an extra-high voltage (EHV) cable manufacturing facility in Vietnam, marking its first overseas production base for 400kV-class cables.
India’s Mahindra Susten secures $123mn financing for Rajasthan renewables project
Under the agreement, HDFC Bank will provide structured financing for the project, with NHPC acting act as the offtaker for the facility.
JERA and Kogas ink MoU on LNG cooperation
The world’s largest LNG buyers JERA and Kogas have signed a Memorandum of Understanding to increase cooperation in the LNG sector.
Middle East conflict spurs LNG Canada to increase exports
Shell-operated LNG has stepped up production and cargoes exports as buyers in Asia scramble for supply in the midst of the conflict in the Middle East.
ING: Asia’s outlook under higher oil prices
While inflation risks remain largely manageable at the moment given a low starting point, higher import bills will result in weaker trade balances with some currencies like PHP, THB, INR and KRW more vulnerable.
Honda warns EV strategy rethink could cost up to $15.7bn
The company also warned it may record additional write-downs on investments in China as competition in the market intensifies.
Myanmar trials digital verification for fuel purchases
Myanmar will begin testing a QR code system for fuel purchases in a bid to cut long queues at petrol stations.
Nearly 2,000 Cambodian petrol stations shut amid fuel shortages
Nearly 2,000 fuel stations in Cambodia have temporarily closed due to a shortage of petrol and diesel, prompting government action to stabilise supply.
Iran agrees to provide safe passage to Bangladeshi oil and LNG vessels
Iran has officially agreed to grant safe passage to Bangladeshi oil and LNG ships passing through the Strait of Hormuz.
India negotiates with Iran for safe passage of fuel carriers
According to a March 12 2026 press briefing by India's Ministry of External Affairs, minister in charge, Dr. S. Jaishankar, has held three separate conversations with Iran’s Foreign Minister Seyed Abbas Araghchi.
South Korea firm wins $96mn Australian energy deal
Hyosung Heavy Industries (298040.KS) has finalised a contract worth KRW142.5bn ($96.32mn) to deliver an energy storage system (ESS) for Tangkam BESS in Australia.
Cambodia keeps electricity prices stable despite fuel pressures
Cambodia’s government is absorbing higher electricity production costs to keep power prices stable despite the global fuel crisis.
China connects first privately backed nuclear power unit to grid
China's first generation unit of nuclear power station in eastern Zhejiang that includes minority private investment has been successfully linked to the national power grid.
Hyundai signs Indonesia battery recycling deal with Chinese firm
Hyundai Motor Group (005380.KS) announced on March 12 that it has formalised a preliminary agreement with a Chinese firm to develop a battery recovery network within Indonesia.
Japan nuclear regulator to review deadline for anti-terror facilities
Discussions at the regulator in the coming months will focus on a proposal to start counting the five-year period from the beginning of reactor operations. Such a change would in practice amount to an extension of the current deadline.
Peak Energy acquires nearly 10MW solar portfolio in Singapore
Peak Energy has acquired a solar portfolio with close to 10 megawatts of capacity in Singapore from Maiora Renewable Energy Pte Ltd, a move expected to strengthen the city-state’s domestic renewable power supply and corporate decarbonisation
Taiwan pondering restart of nuclear plant by 2028
Taiwan’s stance on nuclear power shifted significantly after Japan’s 2011 Fukushima disaster, which bolstered opposition to nuclear energy.
Renewable energy expansion boosting rural incomes in India
India’s renewable energy expansion is increasingly strengthening the rural economy and helping farmers raise their incomes, Union minister for new and renewable energy Pralhad Joshi said.
China Huadian reveals candidates for 12GWh storage tender
China Huadian Group (1071.HK) has reached the candidate selection stage for its 2026 lithium iron phosphate energy storage framework.
Vietnam fuel prices climb again despite stabilisation fund intervention
Fuel prices in Vietnam rose again on March 11, despite the government drawing on its fuel price stabilisation fund to soften the impact of global oil market turmoil.
Cambodia Spends $606mn on fuel imports in early 2026
Cambodia’s spending on imported fuels and oils dropped sharply in early 2026, reflecting both market adjustments and growing domestic energy capacity.
Vietnam promotes EV shift as fuel prices surge
Vietnam’s largest private conglomerate has launched incentives to encourage drivers to switch to electric vehicles as global fuel prices remain volatile.
Myanmar residents burned during cross-border fuel transfers
Two people were injured in separate fire incidents linked to fuel shortages in the Myanmar border town of Myawaddy, rescue workers said.
Thailand arrests Myanmar national amid fuel export ban
Thai authorities have arrested a Myanmar national suspected of attempting to smuggle diesel across the border, days after Thailand imposed a temporary fuel export ban amid turmoil in global energy markets
Vietnam weighs zero fuel tax amid Middle East tensions
Vietnam is weighing a temporary cut of the environmental protection tax on fuel to zero percent as it seeks to secure supplies and shield the domestic market from escalating tensions in the Middle East
Macron points to Kazakhstan, Uzbekistan and Mongolia as he stresses need for EU to diversify uranium supplies away from Russia
Emmanuel Macron on March 10 named Kazakhstan, Uzbekistan and Mongolia as he called on Europe to diversify its sourcing of uranium away from its current dependence on Russia.
Asia confronts energy price shock
Asian governments are working out how to tackle a sharp rise in energy prices and growing concerns about energy security across the continent, in the process prompting a range of policy responses.
Envision Energy installs Philippines’ largest international wind turbine
Envision Energy has marked a significant breakthrough in the Philippine renewable sector by completing the installation of its premier 8MW wind turbine for the Alabat Wind Power Project.
China commits to expanding nuclear energy by 2050
During the 2026 Nuclear Energy Summit in Paris, China officially joined forces with Brazil, Italy, and Belgium, signing onto a high-stakes plan that aims to transform the world’s power grids.
Pakistan cuts government spending, shifts to four-day workweek to tackle energy crisis
Pakistan has introduced a series of administrative and financial measures to manage economic pressure caused by the energy shortage linked to the Middle East conflict.
Australia-India trial shows agricultural waste can cut steelmaking emissions
An industrial trial in India has shown that agricultural waste can partially replace coal in steelmaking, offering a practical pathway to reduce emissions in one of the world’s most carbon-intensive industries.
Bangladesh orders universities shut early to save power amid energy crunch
Bangladesh has ordered all public and private universities to close from Monday by advancing the Eid al-Fitr holidays as part of emergency steps to reduce electricity and fuel consumption during a deepening energy crisis.
Mercedes-Benz Korea fined $7.64mn over EV battery misinformation
Mercedes-Benz Korea (MBG) has been ordered to pay a KRW12.23bn ($7.64mn) fine for providing false information about the batteries in some of its electric vehicles (EVs), the Fair Trade Commission (FTC) said on March 10.
Vietnam pushes biofuel expansion as global oil prices rise
Vietnam is being urged to speed up its transition to biofuel blends as rising global oil prices and geopolitical tensions raise concerns over energy security.
Vietnam aviation warns of potential fuel shortage
Vietnam’s aviation sector is bracing for possible jet fuel shortages as escalating tensions in the Middle East drive up prices and disrupt global supply.
Myanmar imports fuel as government urges calm buying
Myanmar is moving to stabilise its fuel supply, with more oil tankers expected to arrive as authorities warn against panic buying.
Thailand considers 10pm petrol station closures to save fuel
Thailand is considering closing petrol stations earlier and expanding remote work to cut fuel consumption as global energy prices surge.
Thailand seeks fuel savings through remote working measures
Thailand has instructed state agencies to adopt remote working to curb fuel consumption as global oil prices surge.
TrueRE Oriana Power snags EPC contract for floating solar project in India
The project forms part of Damodar Valley Corporation’s efforts to expand renewable energy capacity through large-scale solar installations integrated with existing water infrastructure.
Envision Energy raises $600mn in Hong Kong sustainability-linked loan
Envision Energy has secured a $600mn equivalent sustainability-linked syndicated term loan in Hong Kong, marking the company’s largest non-project syndicated financing in the international offshore credit market.
Vestas signs pact with Japan to support wind manufacturing
Vestas has signed a memorandum of co-operation with Ministry of Economy, Trade and Industry in Japan aimed at supporting the expansion of wind power manufacturing in the country.
Taiwan secures natural gas supplies through April
Taiwan’s natural gas supply is expected to be sufficient through April, after the country secured almost all shipments needed to replenish inventories.
Energy strikes raise the prospect of higher fuel costs in Singapore
A fresh escalation in the Middle East conflict that is now targeting key oil and gas infrastructure is likely to push petrol prices higher in Singapore after fuel costs already increased last week
South Korea backs Philippines nuclear energy revival
South Korea has taken a formal step towards supporting the Philippines’ return to nuclear energy, with three major institutions signing an agreement to cooperate on future atomic power projects.
China’s CATL posts stronger-than-expected profits
Fourth-quarter profit reached $146.7mn, compared with a 41.2% increase in the third quarter, marking the company’s largest gain in two-and-a-half years.
Japan plans measures to curb rising energy costs
The Japanese government is considering steps to ease rising gasoline and utility bills amid the Middle East conflict following United States- and Israel-led strikes on Iran.
Diesel shortage hits garment output in Bangladesh
Garment factories in Gazipur, a key industrial hub in Bangladesh, are struggling to maintain full production as a diesel shortage disrupts generator operations.
Tata Power invests $5.5mn in Bhutan hydro project SPV
Tata Power Company Limited has invested INR0.5bn ($5.5mn) in the first tranche of a planned strategic investment to acquire a 40% equity stake in Dorjilung Hydro Power Limited (DHPL).
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