Indonesia's small scale LNG developments continue to progress with the start-up of Benoa LNG in Bali. This facility is the first mini-LNG project in Indonesia which has been realised, thus, potentially opening up new mini-LNG demand opportunities in areas previously thought to be uneconomical. In Vietnam, PetroVietnam announced the start of construction on Block B following Chevron's exit in 2015. The project comprises the development of the fields within the block and the Block B-O Mon gas pipeline. It is worth noting that we have not seen any formal agreements signed. Thus, we maintain our start-up date of 2023 for the commercial operation of Block B. Also in Vietnam, the revised Power Development Plan was approved by the Prime Minister late last month. In the revised plan, the long term power demand forecast has been slashed by 18% to 572 TWh in 2030. The lower demand has been managed with lower coal and nuclear build. The biggest winner of the new plan is renewables.
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Insight | Apr 2016
South East Asia market snapshot - April 2016
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