TotalEnergies announced the acquisition of 50% of Sapura Upstream Assets in SapuraOMV for $530 million, consolidating its position in the Malaysian gas industry.
The Malaysian Ministry of Energy and Natural Resources has announced the fifth round of the national tender for Large Solar Systems (LSS5). This new offer comprises four packages with authorized generation capacities ranging from 1 MW to 500 MW.
Malaysia is embarking on an ambitious energy reform by liberalizing access to gas infrastructure under the TPA framework. A measure that promises to increase competition in the market and bring significant improvements.
Malaysia is challenging the European Union’s restrictions on the use of palm oil in biofuels. The EU’s “Red II” directive is at the heart of the dispute, as it excludes palm oil from the EU’s energy targets, which Malaysia regards as a non-tariff trade barrier in breach of WTO rules.