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South East Asia market snapshot - April 2016


South East Asia market snapshot - April 2016

Report summary

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.

What's included?

This report includes 1 file(s)

  • SEA Market Snapshot April 2016.pdf PDF - 190.54 KB

Description

This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

We provide detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

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  • Vietnam revised its Power Development Master Plan VII in favour of renewables
    • Implications
  • Indonesian government seeks consolidation of its national energy companies
  • Indonesia's small scale LNG developments continue to progress with the start-up of Benoa LNG in Bali
  • PetroVietnam begins construction on Block B in April following Chevron exit in 2015
  • GSAs signed in Malaysia and Indonesia
  • Chevron reduces stake in South East Asia
  • Other highlights
    • Malaysia
    • Indonesia
    • Singapore

In this report there are 2 tables or charts, including:

  • Vietnam revised its Power Development Master Plan VII in favour of renewables
    • Revised grid generation targets by energy source
  • Indonesian government seeks consolidation of its national energy companies
  • Indonesia's small scale LNG developments continue to progress with the start-up of Benoa LNG in Bali
  • PetroVietnam begins construction on Block B in April following Chevron exit in 2015
    • Southwest Vietnam gas demand
  • GSAs signed in Malaysia and Indonesia
  • Chevron reduces stake in South East Asia
  • Other highlights
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