Philippines unlikely to build new LNG terminal in near future due to excess capacity
Energy secretary of the Philippines said that it is unlikely that the Philippines will add new terminals for liquefied gas regasification this decade, as its existing facilities have been underutilized. Sharon Garin stated that "there's enough right now" and added that a new terminal is in pre-development. The country currently uses only 60% of its regasification capability. The government does not prioritize additional LNG infrastructure in Luzon where the two existing terminals are situated…
Malaysia: Multilateral power deal delayed due to Thai politics; renewal expected next month
Malaysia's Energy Minister said that Thailand has postponed the renewal of a multilateral power trading agreement in Southeast Asia due to changes in local politics. The Lao PDR-Thailand-Malaysia-Singapore (LTMS) Project to supply hydropower from Laos via Thailand and neighbouring Malaysia is now expected to be renewed in November, Energy Transition and Water Transformation Minister Fadillah Yusof told . The Constitutional Court removed Thailand's prime minister Paetongtarn Shinawatra in August.
Philippines to Increase Renewable Power Generation as Demand Surges
Philippines expects higher gas-fired and renewable power generation to fuel a projected 6.6% growth in power demand over the next two years, helping reduce dependence on coal, its energy secretary said on Friday.The country will continue to boost gas use for power generation and plans to add more gas-fired capacity to address rising demand, its energy secretary Sharon Garin told Reuters in an interview on the…
Philippines boosts gas-powered and renewable capacity to meet surge in demand
The Philippines' energy secretary stated on Friday that it expects increased gas-fired power generation and renewable energy to help fuel a projected 6,6% growth in demand for power over the next two year, reducing dependence on coal. In an interview conducted on the sidelines the ASEAN Energy Ministers Meeting, the country's energy secretary Sharon Garin said that the country would continue to increase gas usage for power generation.
Malaysia: Multilateral power deal delayed due to Thai politics; renewal expected next month
Malaysia's Energy Minister said that Thailand has postponed the renewal of a multilateral power trading agreement in Southeast Asia due to changes in local politics. The Lao PDR-Thailand-Malaysia-Singapore (LTMS) Project to supply hydropower from Laos via Thailand and neighbouring Malaysia is now expected to be renewed in November, Energy Transition and Water Transformation Minister Fadillah Yusof told . The Constitutional Court removed Thailand's prime minister Paetongtarn Shinawatra in August.
India launches its first national policy on geothermal power
India launched Monday its first national policy for geothermal power, joining the growing list of countries that are relying on underground heat to drive their clean energy transitions. The Ministry of New and Renewable Energy in India said that the policy is designed to unlock India's geothermal potential, which has been untapped. This will be done through incentives and regulations. The use of ground-source…
Nickel demand in the Philippines is a major concern
The Philippines is ramping up its operations to meet the global demand for metals, minerals and other materials to support the green transition. "When you mine for nickel, you must remove topsoil, forest vegetation and wildlife, causing deforestation and displacement of wildlife," said Grizelda mayo-Anda. She is the director of Environmental Legal Assistance Center, a legal organization that promotes environmental rights. In response, Palawan Gov.
Market operator: Increasing renewable energy use in the Philippines could lower power prices by 24% by 2029.
The Philippines' power market operator stated on Thursday that the adoption of renewable energies could reduce average annual spot electricity prices by as much as 24 percent by 2029. The Independent Electricity Market Operator of the Philippines' (IEMOP), according to its data, has shown that spot power prices in the Philippines fell to a low of 4,14 Philippine pesos (US$0.0731) per Kilowatt-hour in the first half of the year 2025.
Andy Home: Metal smelting will be the next major mineral crisis for the West.
The impact of China’s export controls on rare earths has already caused global supply chains to reel, but a more critical mineral threat is imminent. Western metal smelters face a crisis. China's rapid expansion in processing capacity is reducing margins for all metals. Recently, copper smelters located in Namibia and Philippines were placed under care and maintenance because their processing fees had fallen. There are more at risk.
Andy Home: Metal smelting will be the next major mineral crisis for the West.
The impact of China’s export controls on rare earths has already caused global supply chains to reel, but a greater threat from critical minerals is imminent. Western metal smelters face a crisis. China's rapid expansion in processing capacity is reducing margins for all metals. Recently, copper smelters located in Namibia and Philippines were placed under care and maintenance because their processing fees had fallen. There are more people at risk.
Andy Home: Copper smelters face both a market and pricing crisis.
Copper smelters have become so desperate for raw materials that they pay miners to convert their concentrates into refined copper. The so-called treatment-and-refining-charges (TCRC) are supposed to be a major revenue source for copper smelters, but the spot charges have been in the negative since the beginning of the year. The copper bull narrative is that there are too few mines. However, the current collapse in processing fees can be attributed to too many smelters and too much demand.
Data shows that global coal power capacity is expected to increase in 2024.
Global Energy Monitor, a U.S.-based think tank, reported on Thursday that the world's coal power fleet increased by 18,8 gigawatts, its smallest increase in over two decades. However, new additions to China and India continue to offset closures in other countries. GEM's annual report on coal plant tracking said that despite a record-breaking surge in renewables last year, 12 countries commissioned 44 GW worth of new coal energy, which was higher than the retirements of 25.2 GW.
Chinese copper smelters are struggling with margin collapse
Industry insiders say that major copper smelters in China, the world's largest consumer, have started equipment maintenance during March, traditionally peak demand season, to try and stem the losses caused by a worsening shortage of feedstock, which is hurting margins. The fact that plants are being shut down during one of the busiest periods of the year shows how much refiners suffer from the lack of copper concentrate.
A letter from the industry says that over $13 billion worth of solar and wind investments are at risk in Vietnam.
Adani Green Energy, as well as more than two dozen other foreign and Vietnamese investors have warned that Vietnam's plans for retroactively changing rules on subsidised wind and solar prices could impact over $13 billion in investments. Investors expressed "deep concern" in a letter dated 5 March and reviewed by that the end of the favourable energy tariffs could threaten financial stability. They also noted…
Vitol signs 10-year LNG contract for delivery to Philippines
Vitol, a global energy trading company, announced that it had signed a long term deal with a Philippine-based entity to supply LNG to the country starting in 2025. It is the first long-term LNG supply agreement signed in the Philippines. The country only started importing super-chilled fuels in 2023. In a 10-year deal with LNGPH, Vitol has agreed to supply LNG up to 0.8 millions tons annually. The trading house announced this in a late-Tuesday statement.
Ambassador to Washington: Philippines-US defense arrangements will remain intact
Manila's ambassador in the United States, who spoke on Monday, said that existing defence agreements between the Philippines and United States would remain intact under Donald Trump. Jose Manuel Romualdez, a reporter at a forum for foreign media in Manila, said that Ferdinand Marcos Jr., the Philippine president, is willing to travel if Trump can meet him. This could happen in the northern spring. Romualdez responded that "all of this will remain" when asked about U.S. support for security in the Philippines.
PacificLight Power builds a hydrogen-ready gas powered plant in Singapore
PacificLight Power said that it received approval on Friday from the Singapore Government to build a hydrogen-fueled gas power plant at Jurong Island. The project is part of the city's plan to decarbonise their power grid which relies mainly on natural gas for generation. PLP said that it had received approval from Singapore’s Energy Market Authority to build, own and operate a combined cycle gas turbine facility (CCGT) capable of supplying at least 600 Megawatts (MW). This will begin in January 2029.
Philippines communities challenge dash for fossil gas
The government claims that LNG is an alternative to coal, and the capacity to generate it is required to meet the energy demands of Luzon Island, which is also home to Manila, the capital city, located 110 km (68 mi) north. Many people in Santa Clara, an area adjacent to the port's terminal, claim that respiratory illness has increased dramatically, even among children as young five years old. They attribute this to the LNG plants. Welita Abanil is a 69-year-old Santa Clara healthcare worker.
Mooreast Appoints Ellingsen as CEO
Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide.Mr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025. He will be taking over from Mr Sim Koon Lam, the founder, who will continue to serve as Executive…
As it roars through the Philippines, super typhoon Man Yi is expected to weaken.
The Philippines' main island, Luzon, was ravaged by the super typhoon Man Yi on Sunday. It brought heavy rain to the capital, Metro Manila. More than one million people were evacuated and buildings damaged in various areas. Weather officials reported that the storm, which had winds of 185 km/h (115mph) when it hit land in Panganiban town in Catanduanes Province on Saturday night, weakened slightly before reaching the coast of Camarines Norte by 8 am.