LNG price

South Korea energy sector becomes burden due to LNG price hikes

A new report says LNG price hikes in 2022 are a major reason for South Korea’s energy sector woes.

petrobangla

Petrobangla opens up bidding for Bangladesh oil, gas tender

Petrobangla has begun receiving bids from international oil companies keen to explore for hydrocarbons in Bangladesh’s 24 offshore blocks in the Bay of Bengal.

global LNG

Japan’s falling gas demand creates shift in global LNG markets

Japanese utilities are increasingly focused on marketing and reselling LNG overseas, new research shows, creating more competition in the global LNG market.

energy systems

Polycrises indicate urgent need to rethink global energy systems: analysts

Last year’s COP28 provided an important framework for discussing a new energy systems order where fossil fuels would be less central, one analyst said.

South China Sea

China thwarts Vietnam’s gas production targets in South China Sea

Beijing’s actions in the South China Sea could derail Vietnam’s national energy plan, which aims to more than double electricity generation capacity.

Bangladesh gas

Bangladesh gas tariff hike hits power plants, consumers

Last year the Bangladeshi government already raised gas tariffs for power plants by 178.88% cent to Tk 14 per cubic meter.

Renewables

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Belt & Road Initiative

China’s Belt & Road Initiative boosts SE Asian renewables

China’s Belt & Road Initiative has been making a hard pivot from fossil fuel project investment to more renewables in recent years.

Wind

Offshore wind sector in Japan struggles to gain footing

Japan has vast wind power potential that remains undeveloped, especially floating offshore, a recent report found.

Malaysia renewables

Malaysia renewables strategy downplays wind power

The Malaysian renewables sector got a major boost recently when Abu Dhabi Future Energy Company pledged to invest US$8bn, but solar and hydropower are still being prioritised over wind in the country.

korea renewables

South Korea renewables sector battles bureaucracy

The South Korean renewables sector has vast potential for both fixed-bottom and floating offshore wind power development, say experts.

Energy Transition

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Asia renewables

SE Asian renewables gains offset by continued gas build-out

Lack of progress in breaking ground on new projects, coupled with a challenging regulatory environment for Asian renewables, is hindering the region’s progress, the report said.

Closing China’s energy transition finance gap requires more work

For China to rein in its carbon emissions from its largest polluting segments will require massive energy transition finance, according to a new report.

Indonesia energy

Indonesia election to determine its energy transition future

Whoever wins the Indonesian election this month will have his plate full dealing with energy prices, regulation and the energy transition.

Belt & Road Initiative

China’s Belt & Road Initiative boosts SE Asian renewables

China’s Belt & Road Initiative has been making a hard pivot from fossil fuel project investment to more renewables in recent years.

Wind

Offshore wind sector in Japan struggles to gain footing

Japan has vast wind power potential that remains undeveloped, especially floating offshore, a recent report found.

Asia LNG

Research sounds alarm over SE Asia’s LNG development

The report confirms other recent studies that Southeast Asian LNG is not the environmentally-friendly green transition fuel once thought just a few years ago.

Singapore hydrogen

Singapore hydrogen plans accused of greenwashing

Hydrogen development plans are making headway in Singapore and the new fuel has been called “low carbon” but Singapore’s hydrogen strategy is still opaque and it's unclear to what extent it might contribute to decarbonization.

Climate

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cop oil and gas

Indian state energy firms rush to declare net zero goals

Indian state energy companies have been rushing to announce net zero emissions targets but many lack a clear, realistic path to move away from fossil fuels and towards net carbon neutrality.

ecopetrol

India’s enhanced climate pledges fall short of expectations

Some climate watchers are unhappy India has dropped bold commitments made by Modi in Glasgow last year and fear the nation will burn more dirty cheap coal to provide affordable energy to its population.

Japan struggles to focus on energy transition

Japan's transition plans have been accelerated, including in response to the Ukraine war, but the immediate focus remains on securing dispatchable supply and keeping the lights on.

War-driven green transition stalls in Asia

While Europe is partly accelerating low-carbon programmes to wean itself off Russian energy in the light of the Ukraine war, the picture in Asia is more mixed, with many still associating reliable energy with fossil fuels.