Document threatening legal action by foreign investors against Vietnam for renewables
According to a document seen by the. Last year, the 'dispute' began when Vietnam cut subsidised electricity prices from solar and wind farms. It cited irregularities. Vietnam's energy industry is struggling with high prices and the risk of shortages due to the conflict in Iran. The chambers of commerce of the European Union, Britain and Japan in Vietnam, as well as South Korea, Thailand, and South Korea, sent a letter of joint concern to the government on Thursday. The chambers urge authorities to find a'mutual agreement'…
Thailand orders bureaucrats in its energy-saving drive to use stairs instead of elevators and to work from home
A government spokesperson said that the Thai Prime Minister Anutin Charnvirakul had ordered civil servants to conserve energy due to the energy crisis caused by the Middle East conflict. This included suspending overseas trips and using the stairs instead of elevators. Lalida Periswiwatana, a spokesperson for the prime minister, told reporters that civil servants must now work from home. However, officials who serve the public will be exempted. Southeast Asia's second-largest economic powerhouse has 95 days worth of energy left.
Iran War threatens to hit global energy markets for a long time
Even if the U.S. and Israel's war against Iran ends soon, consumers and businesses around the world could face weeks or even months of higher fuel costs as suppliers deal with damaged facilities and logistics and increased shipping risks. This outlook is a threat to the global economy and to President Donald Trump's political position as he heads into midterm elections. Voters are concerned about energy costs and do not like foreign involvement. JP Morgan analysts stated in a research note published on Friday that the market has shifted from pricing geopolitical risks to dealing with operational disruptions…
The Iran War threatens to have a long-lasting impact on global energy markets
Even if the conflict with Iran ends soon, consumers and businesses could face weeks or even months of higher fuel prices. This is because suppliers are dealing with damaged facilities, disrupted logistic, and increased risks in shipping. This outlook is a greater threat to global economic stability and a political vulnerability to U.S. president Donald Trump as we approach the midterms. Voters are sensitive to energy costs and do not like foreign involvement. In a Friday research note, JP Morgan analysts stated that the…
Novak, quoted by the media as saying that Russia is considering redirecting LNG from Europe to Asia-Pacific
Interfax and Izvestia reported that Russia's Deputy Premier Alexander Novak stated on Friday he had discussed the?possibility? of redirecting Russian LNG supplies from Europe to alternative markets. This week, Russian President Vladimir Putin said that Russia can halt gas supply to Europe immediately due to the spike in energy costs triggered by the Iran Crisis. He was preempting EU plans for stopping 'Russian LNG imports until end-2026 and pipeline gas before September 30, 2027. Novak stated that Russian companies are looking at opportunities to divert shipments towards Asia-Pacific markets.
Thailand increases fuel reserves and tries to secure LNG amid Iran Crisis
Thailand's Prime Minster Anutin Charnvirakul called a meeting on Thursday of the energy agencies as concerns grew about supply in case the war with Iran disrupted global shipping. After the meeting, Energy Minister Auttapol Rerkpiboon said that Thailand will increase its mandatory fuel reserve to 3% and not 1%. Auttapol stated that "our reliance on Qatari LNG, which is transported through the Strait of Hormuz" was a problem. S&P Global estimates that Thailand imports between 2.2 and 2.8 million tonnes of LNG from Qatar per year on average. However, Qatar's production has been shut down, sources reported.
Datagro: Global sugar deficit will increase between the current and next season
Datagro, a consultancy, said on Wednesday that the global sugar'market' is projected to have a deficit in 2026/27 of 2,68 million metric tons, compared to an 800,000 ton shortfall in 2025/26. The projected deficit is based on a stable sugar production compared to the previous season, in Brazil's central-south region. Brazil is the world's biggest producer. Datagro predicts sugar production in the region of 40.7 millions tons by 2026/27 compared to 40.77 million tonnes in 2025/26. Cane crushing will also increase from 610.5 million tons the previous season to 635million tons.
Recent developments in Asia's ethanol targets
As they try to reduce their dependence on imported fuels and meet carbon emission targets, more countries in Asia Pacific are blending ethanol with gasoline. Indonesia, Asia's biggest gasoline importer plans to impose an mandatory bioethanol content level of 10% in?gasoline by 2028, according to energy ministry official,?Tri?Winarno. Check out the latest news on the use of blended fuels containing ethanol in the region. Indonesia has delayed its goal to mandate a 10% ethanol blend for gasoline (E10) from 2027 to 2028, citing supply constraints.
Solar dominates import seizures following US ban on Chinese products made with forced labor
According to the latest data released by the U.S. Customs and Border Protection, solar panels account for the majority of the value in shipments that are stopped at the U.S. border as a result of a law passed in 2021 banning goods made with Chinese forced labour. These data are the first to provide a detailed breakdown of the?types?of products that CBP has stopped since the Uyghur Forced Labor Prevention Act was signed by the former president Joe Biden. They confirm that the solar industry will be the most affected. Solar?panels have been causing delays and furloughs in recent years…
The US imposes preliminary duties on solar imports originating from India, Indonesia and Laos
The U.S. Commerce Department announced Tuesday countervailing duty?on solar panels and cells imported by a?companies from India, Indonesia, and Laos?in an effort to counter subsidies supporting Asian industries. The decision was made by U.S. Trade officials who sided with the domestic solar factory owners, finding that the companies in the three countries had received government subsidies which rendered American products uncompetitive. This is the latest in an ongoing series of duties on solar imports that are mostly made by Chinese firms.
Saudi Aramco has sold its first Jafurah condensate cargos to US firms and India, according to sources
Four 'trade sources' said that Saudi Aramco, the state energy giant, has sold several cargoes - of ultra-light crude oil from its $100 billion Jafurah plant - to U.S. refiners and majors in India as it prepares to ship its first cargo this month. Aramco is aiming to increase its natural gas production to become one of the world's major players and expand its light crude grade offerings. The Jafurah Project, which contains an estimated 229 trillion standard cubic feet of raw gas, and 75 billion barrels condensate of liquid gas, is at the heart of its ambitions. Sources said that U.S.
Mozambique and TotalEnergies launch $20 billion LNG project
TotalEnergies and Mozambique agreed to restart construction of the French energy giant's $20 billion "liquefied natural gas" project in the country on Thursday, even though they are still negotiating over the additional costs associated with delays. Construction on the project was stopped in 2021 after a series of jihadist attacks in Cabo Delgado in northern Mozambique. TotalEnergies has added equity to its partners' projects after some investors pulled out. It announced late last year that it was ready for work to resume.
Glenfarne signs 20-year LNG contract with POSCO in South Korea
Glenfarne’s Alaska LNG unit announced on Thursday that it had finalized an arrangement to supply 1,000,000 tonnes of liquefied gas per year to South Korean trading company POSCO International from its planned project for export over a period of 20 years.The agreement follows one signed in September.Since the Russian invasion of Ukraine in 2022, global demand for superchilled fuels has risen. This has led buyers in Europe and Asia into long-term supply agreements with U.S. suppliers.Glenfarne, since becoming the majority owner and lead developer of the Alaska LNG Project in March, has already secured 11 mtpa in LNG commitments from buyers in Japan.
VEGOILS - Palm oil prices fall on the back of weak exports and dissipating concerns about production.
Malaysian palm futures dropped on Monday, ending three sessions of gains. Concerns about Indonesian production eased as weak export data and concerns over the output were a factor. The benchmark contract for palm oil delivery in February on Bursa Derivatives Exchange fell 5 ringgit (0.51%) to 4,093 Ringgit ($991.76) per metric ton. A Kuala Lumpur trader reported that the contract had pared its earlier gains, after Indonesia's largest association for palm oil GAPKI stated it did not see any major impact on palm oil production yet due to the devastating floods in Sumatra.
VEGOILS - Palm rises for fourth time on concerns about output, but weak exports cap gains
Malaysian palm futures rose for a fourth consecutive session on Monday. The gains were capped by weak export data, and the Chicago soyoil prices. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for February delivery had gained 5 ringgit (0.12%) to $4,119 ringgit (US$996) per metric ton. The contract had reached its highest level since November 21 earlier in the session. Indonesia, Malaysia and Thailand were devastated by a tropical storm that formed in the Malacca Strait and caused heavy rains and strong winds for more than a week.
Dalian's strength and VEGOILS extends its advantage over Malaysian weather concerns
Malaysian palm futures rose for the second session in a row on Thursday. This was due to production concerns caused by adverse weather conditions and the tracking strength of rival Dalian edible oil. The benchmark palm-oil contract for February delivery at the Bursa Derivatives Exchange rose 65 ringgit or 1.62% to 4,089 Ringgit ($983.29) per metric ton. The market is nervous due to the weather vagaries and the announcements of impending flooding, said Paramalingam Supramaniam at Selangor brokerage Pelindung Bestari. In the past week…
How much will the price of ROI-LNG drop by 2026? Russell
The market for liquefied gas is bracing itself for an increase in supply, mostly from the top exporter, the United States. However, it is not clear how low the spot price will need to fall to clear these additional volumes. According to commodity analysts Kpler, the global supply of super-chilled gasoline is forecast to reach 475 million metric tonnes in 2026. This represents a 10.2% increase over the 431 millions tons predicted for 2025. This figure is comparable to South Korea's total annual demand, which is the third largest LNG importer in the world behind China and Japan.
Singapore's power demand expected to increase in the next decade
The chief executive of Singapore's Energy Market Authority, who spoke on Monday, said that the expansion of advanced manufacturing and technology in Singapore, as well as the electrification of cars, will increase the growth of power demand in the next decade. EMA CEO Puah Kok Keong said that electricity consumption would grow between 2% to 5% by 2035. This compares with an average increase of 1.9% in the 10 years up until 2024. Singapore's power consumption is growing faster than that of its regional neighbours Australia or Japan, even though they are among the highest energy consumers per capita in the world.
TotalEnergies, in partnership with partners, lifts force majeure on the $20 billion Mozambique Liquefied Natural Gas project
TotalEnergies, a French oil company, announced that it had lifted the force majeure for its $20 billion Mozambique Gas project with project partners. This comes four years after a militant Islamist attack halted construction. TotalEnergies' press officer confirmed that a letter was sent on Friday to the Mozambican Government. However, the company stated that the project will only be relaunched after the government has approved a revised budget and schedule. The company stated that before the project can be fully relaunched, the Mozambique council of ministers must approve an addition to the development plan.
TotalEnergies says the Mozambique Liquefied Natural Gas project cost has risen to $4.5 billion
TotalEnergies told Mozambique in a letter that costs for its LNG project had risen $4.5 billion over the past four years. It also wants to extend its production agreement by 10 years. The French oil giant confirmed Saturday that it, along with its partners, had decided to lift the force majeure for this project. It was stopped in 2021 due to an islamist militant attack. Before construction can resume, Mozambique’s Council of Ministers must approve an updated budget. The oil and gas regulator of Southern Africa is preparing its own estimate for the additional costs associated with this project.