World

Indonesia, China cooperate in LNG business

Publicly listed gas company PGN in Indonesia will partner with a Chinese firm to boost its liquefied natural gas (LNG) development in China, PNG strategy and business development director Syahrial Mukthar said on February 19.
Indonesia, China cooperate in LNG business ảnh 1An engineer of state gas distributor PT PGN checks the gas network at one of the company's mobile refueling units in Bandung, West Java. (Photo: thejakartapost.com)

Jakarta (VNA) – Publicly listed gas company PGN in Indonesia willpartner with a Chinese firm to boost its liquefied natural gas (LNG)development in China, PNG strategy and business development director SyahrialMukthar said on February 19.

PGN signed a memorandum of understanding (MoU) last week with engineering,procurement and construction (EPC) and manufacturing company WnD Heavy IndustryCo.

Accordingly, the Chinese company will provide logistical solutions in 2021.

The partnership will open opportunities to work together in developing thesmall-scale LNG industry in China as well as in the region, Syahrial said,adding there was also a possibility for the gas company to cooperate with otherfirms as China had great potential and various business opportunities.

PGN’s recent move reveals its vision to become a player in the internationalLNG market in the context that global demand for LNG has steadily increasedthanks to a hike in energy consumption in recent years.

According to PGN’s estimation, China’s potentialdemand for gas will increase by over 15 percent annually. As such, PGN'sexpansion into China is the right move to add to the firm's portfolio, Syahrialsaid./.
VNA
#PGN#liquefied natural gas#MoU#WnD Heavy Industry Co.#Syahrial Mukthar#business opportunities#small-scale LNG industry#energy consumption#Vietnam News Agency#Vietnamplus
Follow VietnamPlus

Related News

Indonesia starts work on 255km industrial gas pipeline

Indonesia starts work on 255km industrial gas pipeline

The Indonesian Ministry of Energy and Mineral on February 6 started the construction of a 255-kilometre pipeline that will supply gas for industries between Cirebon in West Java and Semarang in Central Java.
Indonesia to introduce new business licensing regime

Indonesia to introduce new business licensing regime

Indonesia will introduce a new business licensing regime in the omnibus bill on job creation to boost competitiveness and bolster investment, as the country's ranking in the World Bank’s Ease of Doing Business index stagnates at 73rd.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.