News

Rising oil prices could strengthen the appeal of electric vehicles (EVs) in Southeast Asia, particularly as expanding renewable energy capacity continues to push electricity costs lower, economists at the Asian Development Bank (ADB) said.

The closure of the Strait of Hormuz has reignited debate over accelerating bioenergy development as an alternative to fossil fuels. Indonesia, the world’s largest palm oil exporter, is considering reviving its B50 biodiesel program.

Malaysia is shifting its electric vehicle (EV) strategy toward local manufacturing and technology development, as the government moves beyond earlier policies that relied largely on tax incentives to stimulate EV imports.

JETPs are designed to help fast-growing, coal-reliant emerging economies speed up their shift to clean energy. Despite the size of this supposed transfer of wealth,the research indicates that Indonesia’s JETP has delivered very little so far.

Careful due diligence, trusted local partners, and early coordination with grid operators are becoming critical to meeting project timelines.

The US and Israel’s war on Iran has caused oil and gas prices to soar, with the world now preparing for the possibility of another energy crisis.

The conflict between the U.S. and Iran has entered its second week, pushing up prices of oil, natural gas and other energy commodities. Volatility in global energy markets has raised concerns that the conflict could further disrupt energy supply chains.

International oil prices have swung sharply. After U.S. President Donald Trump suggested on March 9 that the war could soon end, prices quickly retreated but remained near recent highs.

On March 4, Thailand’s government ordered the Ministry of Energy to secure new energy sources within a week to reduce the nation’s reliance on Middle Eastern oil.

Indonesia’s plan to export solar power to Singapore has run into obstacles, with several projects showing little progress since companies signed memorandums of understanding (MOUs) in 2023.