Vietnam

VNG, an east German gas subsidiary of power energy EnBW, stated on Tuesday it aims to invest approximately 5 billion euros ($ 5.31 billion) by 2035, mostly in green gases. VNG used to be one of Germany's biggest importers of Russian natural gas however lost its pipeline products in 2022's energy crisis when Russia shut off gas export taps to the West. The company has turned itself around and on Tuesday reported adjusted incomes before interest and taxes (EBIT) for 2023 of 447 million euros following a loss of 205 million in 2022, and an operating profit of 380 million...

French oil and gas giant TotalEnergies on Monday said a prepared new liquefied gas (LNG) task in Papua New Guinea would require ' more work' before a final financial investment decision might be reached. TotalEnergies stated its President Patrick Pouyanne just recently told Papua New Guinea Prime Minister James Marape the job would require to work with third-party specialists to reach commercially practical engineering, procurement and construction agreements. In that view, the task will examine the structure of some packages and open the competitors to a bigger panel of Asian contractors. As an effect, FID (last investment decision) of Papua...

Singapore's middle ditstillates stocks fell for the very first time in 3 weeks, tracking the gains in net exports of diesel/gasoil, authorities government data revealed on Thursday. Stocks of diesel/gasoil and jet fuel/kerosene at crucial oil storage hub Singapore declined to 10.136 million barrels from 11.208 million barrels in the previous week, figures from Enterprise Singapore showed. The drop came as net exports of diesel/gasoil increased by a little more than 68% week on week, with total exports of the fuel getting at a quicker pace than overall imports. Total imports climed by around 39%, while overall exports rose by...

Singapore's middle distillates stocks slipped by 4% from last week as internet exports of diesel/gasoil and jet fuel/kerosene rose, official data showed on Thursday. Inventories of gasoil/diesel and jet fuel/kerosene at the essential oil storage hub was up to 10.349 million barrels from 10.787 million barrels a week earlier, information from Business Singapore showed. Net exports of diesel/gasoil rose more than significantly throughout this duration given a 66% drop in total imports, although overall exports just fell by 6% week-on-week. Volumes from China and South Korea remained popular, in line with earlier expectations, limiting the general weakness in total imports...

Japanese trading house Mitsui & & Co said on Friday it has reached a final financial investment choice to establish Vietnam's Block B gas field, with its share of development expense of about $740 million. The task, 330 km (205 miles) off southwest Vietnam, will comprise a gas field and a pipeline connecting it to a gas-fired thermal power plant. Mitsui is making the investment through its system Mitsui Oil Expedition (MOECO). Its partners are state oil and gas group Vietnam Oil and Gas Group (PVN), PetroVietnam Exploration Production Corp, PetroVietnam Gas Joint Stock Corp and Thailand's PTT Expedition and...

Singapore's middle extracts stockpiles fell nearly 2%. from last week as gains in jet fuel/kerosene net exports balance out. declines in diesel/gasoil net exports, main information showed on. Thursday. Inventories of gasoil/diesel and jet fuel/kerosene at the. crucial oil storage hub were at 9.99 million barrels, compared to. 10.175 million barrels recently, information from Enterprise Singapore. revealed. Diesel/gasoil net exports declined a little more than 24% as. gains in overall imports were around 80% greater than a week. previously. Imports of the fuel from China, India and South Korea were. most widespread for the week. Chinese arrivals rose by more...

Japan's greatest city gas supplier Tokyo Gas Co Ltd expects that by 2030 its U.S. shale gas and associated businesses, consisting of trading and marketing, will contribute around 50% to its targeted overseas revenue, its president said. The Japanese business paid $2.7 billion to acquire Texas-based natural gas producer Rockcliff Energy in December and agreed to acquire 49% stake in an energy marketing and trading firm in North America, ARM Energy Trading, this month. Our aim is to create a U.S. gas value chain by connecting our jobs to increase the value of our financial investments, rather than looking for...

The State Bank of Vietnam ( SBV) will restart gold bar auctions after an 11year suspension, amid efforts to increase supply of the precious metal to market, Thoi Bao Ngan Hang, its paper reported on Monday. The report did not state when the first auction would take location. Recently SBV, Vietnam's central bank, stated it would boost gold bar supplies to stabilise the market as domestic prices have actually been much higher than worldwide costs due to an imbalance in between supply and need. The rate of gold bars in the Southeast Asian country has actually gotten around 15% this...

Vietnam's central bank stated on Friday it will increase gold bar supplies to stablise the market as domestic prices have actually been much higher than global rates. The rate of gold in the Southeast Asian country has actually gotten significantly this year, reaching 85 million dong ($ 3,401.36). per tael on Friday, while on the worldwide market each tael. was trading at 2,388. One tael is equivalent to 37.5 grams or 1.21 troy ounces. The State Bank of Vietnam (SBV), the reserve bank, stated in a. declaration it had actually prepared strategies to intervene in the market. For the gold...

Vietnam's Duc Giang Chemicals remains in speak with sell a minority stake to a. foreign strategic financier in a deal that might value the. nation's 2nd biggest chemical business at as much as $2 billion,. 2 people with understanding of the matter said. The talks also consist of an alternative choice for the. financier to take ownership of the business's aluminum project,. which mines and processes bauxite into alumina in the central. highlands province of Dak Nong, among individuals said. Duc Giang Chemicals is dealing with an advisor on the offer,. individuals stated. Considerations were continuous and no last. decisions...

Vietnam's top miner Vinacomin strategies to invest 182 trillion dong ($ 7.3 billion) to increase its aluminaaluminium production to meet the country's rising need for the metal, the government stated on Tuesday. The financial investment by the state-run company will go to 2 bauxite exploration tasks and 5 refining tasks in the Central Highlands province of Dak Nong, the government said in a. declaration. It did not provide an amount of time for conclusion. The Southeast Asian nation, a local manufacturing hub,. began its alumina production more than a decade back, but there. have been concerns about contamination and high...

Dutch high tech company VDL will develop a new factory to make semiconductor production elements in Vietnam, it said on Wednesday, as the Asian country grows in value as an assembly and product packaging hub in the chipmaking market. Vietnam is home to Intel's biggest chip product packaging and screening plant, and is bring in interest from other chipmakers as they look for to diversify their Asian operations to reduce the effect of U.S.-China trade tensions over semiconductors. VDL, which has other facilities in China and in Singapore, said its move was not made with geopolitical considerations in mind. Nevertheless,...

By Tuesday, 2000 GMT, the following mergers, acquisitions, and dispositions had been reported: * MP Materials announced that Australian billionaire Gina Rinehart’s mining company has acquired a 5,3% stake in its company, adding to the rare earth investments she already holds. People with direct knowledge said that British Airways' owner IAG will receive an EU antitrust alert about its bid to take full control of Air Europa, after the remedies it has taken failed to satisfy EU antitrust concerns. The two companies have announced that the promoters of IndusInd Bank, a private lender, will purchase a 60% stake of the...

U.S. President Joe Biden's. quote to draw Vietnam closer as a tactical ally will clash. headon with his desire for union workers' votes on Wednesday as. the Commerce Department hears testimony on whether to designate. Vietnam as a market economy. The relocation, opposed by U.S. steelmakers and Gulf Coast. shrimpers but backed by sellers and other organization groups,. would reduce the punitive anti-dumping tasks set on Vietnamese. imports since of its present status as a non-market economy. with heavy state impact. Vietnam is currently a market economy, said Ted Osius, head. of the U.S.-ASEAN Company Council, which backs the upgrade....