PETRONAS CEO warns of LNG ‘bloodbath’ risks as prices surge
Surging liquefied natural gas (LNG) prices risk destroying demand for the super-chilled fuel and triggering a "bloodbath" in global markets, according to Petroliam Nasional Bhd (PETRONAS) president and group chief executive officer or CEO Tan Sri Tengku Muhammad Taufik Tengku Aziz.
Vietnam’s LNG power plans face massive delays
Vietnam's push to use liquefied natural gas (LNG) to meet surging electricity demand is well behind schedule, with only one of 18 gas-fired power projects expected to be finished on time.
PETRONAS CEO warns of LNG ‘bloodbath’ risks as prices surge
SURGING LNG prices risk destroying demand for the super-chilled fuel and triggering a "bloodbath" in global markets, according to Malaysia's Petroliam Nasional Bhd. Chief Executive Officer Tan Sri Tengku Muhammad Taufik Tengku Aziz.
Oil retreats as market weighs mixed supply signals
SINGAPORE: Oil prices eased on Friday after a sharp climb a day earlier as the market refocused on signs of recovering Middle Eastern supplies, though the possibility of renewed US-Iran tensions provided a floor.
Gas Malaysia targets investment decision on Kedah LNG terminal by second half of 2027
KUALA LUMPUR: Gas Malaysia aims to make a final investment decision on plans for its first regasification terminal by the second half of next year, with the facility due to come online by the end of 2030, its chief executive said.
Petros, Hoegh Evi partner to develop Kuching LNG terminal
KUCHING: Petroleum Sarawak Bhd (Petros) has entered into a joint development agreement (JDA) with Höegh Evi, a global leader in maritime energy infrastructure, to develop the Kuching Liquefied Natural Gas (LNG) terminal as part of the Kuching Low-Carbon Hub (KLCH).
PETRONAS takes steps to maintain gas supply after Songkhla pipeline shutdown
KUALA LUMPUR: PETRONAS is taking measures to ensure continuity of gas supply to customers in Malaysia following the temporary shutdown of the Songkhla Export Pipeline.
Energy sector’s growth pace likely to accelerate
Malaysia's energy and utilities sector is set for a busy period as rising power demand and a growing pipeline of renewable energy (RE) projects drive investment across the value chain.
Oil climbs as Hormuz reopening hopes fade
LONDON: Oil rose as Iran says it wouldn't soften its conditions to reopen the Strait of Hormuz after President Donald Trump rejected its proposal to do so, dashing hopes of a speedy resumption of traffic through the crucial waterway.
Oil heads higher as US-Iran peace talks in stalemate
NEW DELHI: Brent crude oil rebounded more than 3% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated.
