Companies servicing Malaysia’s oil and gas sector are using the experience and expertise gained during collaborative ventures with foreign firms as a launchpad for overseas expansion.
Asia Energy
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Rapid economic expansion in Papua New Guinea (PNG) has produced some challenges, including the question of how to supply electricity to a growing population spread across 450,000 sq km of rugged terrain. However, the government’s long-term bid to boost both generation and distribution capacity is making progress, with plans to build new infrastructure for the sector rapidly gathering pace.
Delivery of a key new 450-MW combined heat and power plant known as CHP5 continues to face implementation uncertainties, with competing projects likely causing a delay in the final investment decision in the near term. Foreign participants who spoke to OBG remain interested in offering technology and expertise. However, progress appears to be stalling as a result of an internal debate over project viability.
A drive is gathering pace in Brunei Darussalam to increase regional cooperation on energy provision as part of a broader bid by Asia’s oil producers to meet rising demand from nearby fast-growing economies.
With solar and biowaste power plants already under development, Brunei Darussalam has demonstrated its willingness to meet the renewable energy goals set by the ASEAN community. A recent agreement with the US could provide an extra boost to these efforts and encourage investors.
Meeting energy demand and expanding electricity distribution networks will be among the greatest challenges for the Myanmar government over the coming years, as the country strives to keep the promises it made to citizens and the international community. With rich sources of hydroelectric power and new gas and oil blocks being tendered in 2013, there is indeed potential for growth.