Myanmar

Myanmar resumes LNG imports with first shipment since 2021

After a hiatus of more than four years, Myanmar has resumed liquefied natural gas deliveries, receiving a half-cargo in November to supply two state-funded power generation projects.

Canberra imposes mandatory gas reserve to secure domestic supply

The Australian government will require up to 25% of gas extracted on the east coast to be reserved for the domestic market from 2027, in response to supply tensions and soaring prices.

Pembina and PETRONAS sign 20-year agreement for Cedar LNG liquefaction capacity

Pembina Pipeline Corporation and PETRONAS have signed a long-term agreement securing 1 million tonnes per year of liquefaction capacity at Canada's Cedar LNG terminal, reinforcing their positions in the global liquefied natural gas market.
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NU E Power acquires 500 MW of energy assets to strengthen global network

NU E Power Corp. acquires 500 MW of hybrid projects from ACT Mid Market Ltd. to support the global expansion of its artificial intelligence and Bitcoin mining infrastructure.

Sinopec signs $40.9bn in deals during 2025 China International Import Expo

Sinopec finalised supply agreements worth $40.9bn with 34 foreign companies at the 2025 China International Import Expo, reinforcing its position in the global petroleum and chemical trade.

EVE Energy and EVO Power sign strategic agreement for their expansion in Australia

EVE Energy will supply 2.2 GWh of storage systems to EVO Power over five years, supporting the large-scale deployment of front-of-meter solutions in the Australian market.
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Dragon Oil and PETRONAS Forge Strategic Oil Exploration Agreement

Dragon Oil, a subsidiary of Emirates National Oil Company, partners with PETRONAS to enhance technical and commercial cooperation in oil and gas exploration and production.

Eni and PETRONAS Create an ASEAN Upstream NewCo, $15B in Investments

The joint venture combines 19 assets (14 in Indonesia, 5 in Malaysia), aims for 300 kboe/d initially and >500 kboe/d, and focuses investments on gas to supply Bontang and the Malaysia LNG complex in Bintulu.

SLB OneSubsea secures two EPC contracts for deepwater projects in Malaysia

SLB OneSubsea has signed two EPC contracts with PTTEP to equip multiple deepwater gas and oil fields offshore Malaysia, extending a two-decade collaboration between the companies.
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Malaysia strengthens public investment in gas and solar energy

The Malaysian government plans to increase public investment in natural gas and solar energy to reduce coal dependency while ensuring energy cost stability for households and businesses.

Thailand delays regional power project due to lack of tariff approval

Thailand’s pending approval of transmission fees is holding back progress on an energy project linking Laos to Singapore via Malaysia, amid political uncertainty.

Singapore invests heavily in civil nuclear power and regional energy networks

Singapore strengthens its energy strategy through public investments in nuclear, regional electricity interconnections and gas infrastructure to secure its long-term supply.
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Eni phases its biorefineries to 1.65 Mt/y and secures financing

Enilive aligns conversions in Italy, hubs in Asia and U.S. diversification, with rising HVO margins, integrated pretreatment and HVO/SAF offtakes tied to European requirements, supporting volumes, site utilization and operational guidance.

Petronas offers five LNG spot cargoes for late 2025 delivery

The Malaysian group launched three tenders to sell up to five liquefied natural gas cargoes in November and December, sourced from its Bintulu and PFLNG Dua facilities.

Huawei bets on grid-forming technology to consolidate ASEAN energy market

In Kuala Lumpur, Huawei Digital Power unveiled its grid-forming technologies, positioned as a strategic lever to strengthen power interconnections and accelerate energy market development across ASEAN.
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Japan and Malaysia begin regulatory framework for CO2 transport

Japan and Malaysia have signed a preliminary cooperation protocol aiming to establish a regulatory foundation for cross-border carbon dioxide transport as part of future carbon capture and storage projects.

ASEAN targets $10.7 billion in investments to modernise its power grids

A report estimates $2.3 billion in avoidable economic losses by 2040 if Southeast Asia strengthens its electricity infrastructure through smart grids.

Shizuoka Gas closes tender for seven-year LNG contract starting 2027

The Japanese company has completed the first phase of a tender for five annual cargoes of liquefied natural gas over seven years starting in April 2027, amid a gradual contractual renewal process.
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Petronas Gas separates regulated and non-regulated activities in major reorganisation

Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.

ASEAN reignites regional energy integration with cross-border electricity grid

The ASEAN Power Grid enters a strategic phase with renewed support from regional and international institutions to structure electricity trade among member states and secure the necessary investments.

Blue Whale Energy installs 8 MWh of sodium-ion batteries on Southeast Asian urban rooftops

Blue Whale Energy partners with UNIGRID to deploy behind-the-meter storage systems adapted to constrained commercial and industrial urban areas in Southeast Asia.

Petronas and JOGMEC Sign Strategic Agreement around LNG Canada Project

Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.

Eni and PETRONAS finalise strategic agreement to merge their assets in Southeast Asia

Eni and PETRONAS have agreed to create a new joint entity, combining major assets in Malaysia and Indonesia with equal participation and a strong regional ambition in natural gas.
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TotalEnergies strengthens Malaysian foothold with new offshore blocks

The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.

Petronas cuts 5,000 jobs and exposes contradictions in its African operations

Petronas' workforce reduction reignites questions about internal trade-offs, as the group maintains its commitments in Asia while leaving uncertainty over its operations in Africa.

PowerChina strengthens presence in Malaysia with award-winning hydropower projects

On World Environment Day, PowerChina highlights its infrastructure projects in Malaysia, confirming its leading role in overseas clean energy contracts.
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Up to 30% of ASEAN data centres could be powered without batteries by 2030

A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.

ACWA Power to invest up to $10 billion in Malaysia for energy projects

Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.

SK Innovation Intensifies Oil Investments with New Projects in Asia

SK Innovation, through its subsidiary SK Earthon, is accelerating investments in offshore oil exploration projects in Southeast Asia, enhancing South Korea's energy security through a regional strategy focused on operational efficiency.
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Ember forecasts solar and wind could power 30% of ASEAN data centres

Ember anticipates that a third of ASEAN data centre electricity demand could be met by wind and solar by 2030, without batteries, if appropriate political measures are implemented.

Eni sells 20% of Plenitude to Ares in $13bn valuation deal

Italian group Eni enters exclusive talks with Ares to sell a minority stake in Plenitude as part of a targeted funding strategy for its low-carbon subsidiaries.

Shell reports over $28bn in payments to governments in 2024

Shell paid $28.1bn to governments in 2024 for its extractive activities, with major flows reported in Nigeria, Malaysia and Oman, according to its regulatory disclosure in the United Kingdom.
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Natural gas demand in Southeast Asia to surpass oil and coal by 2050

Driven by economic growth and renewable energy limitations, natural gas consumption in Southeast Asia is expected to nearly double by 2050, according to Wood Mackenzie.

US solar tariffs redirect supply flows to Southeast Asia

The US announcement of tariffs exceeding 3,500% on Southeast Asian solar panels is pushing manufacturers to shift focus toward high-potential regional markets.

HYCO1 and Malaysia LNG sign memorandum of understanding for a carbon capture and utilization project

HYCO1 and Malaysia LNG Sdn. Bhd. have signed a memorandum of understanding for a carbon dioxide (CO2) capture and utilization project in Bintulu, Malaysia, aiming to transform 1 million tons of CO2 per year into low-emission syngas.
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Washington plans up to 3,521% tariffs on Southeast Asian solar panels

The United States plans to impose heavy tariffs on solar panels from four Asian countries, citing transnational subsidies supported by China.

Malaysia LNG Gradually Restarts Operations After Major Incident at Bintulu

Malaysia LNG is progressively resuming operations following an unexpected shutdown of key modules at Bintulu due to a boiler malfunction, raising questions about the impacts on Asian and international liquefied natural gas markets.

Leak on Petronas gas pipeline in Malaysia: over 100 injured and 50 homes damaged

A massive fire broke out following a leak on a gas pipeline operated by Petronas in Selangor state, injuring over 100 people and causing significant damage in a residential area.
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Shell selects McDermott for three-year global framework agreement in engineering

Shell Global Solutions International B.V. has awarded McDermott a three-year framework agreement for engineering, procurement and project management services across several strategic markets.

Imerys and TotalEnergies ENEOS deploy solar system in Ipoh, Malaysia

TotalEnergies ENEOS and Imerys have deployed a 1 MWp photovoltaic system in Ipoh, Malaysia.