Biomethane is indistinguishable from natural gas and can be deployed as a drop-in renewable replacement to natural gas without the need for adaptation of network infrastructure or end-user equipment.
The scale of...more
In March 2023, the Ministry of Energy and Mineral Resources Regulation No. 2 of 2023 was announced by Indonesia’s Minister of Energy and Mineral Resources, Arifin Tasrif, concerning Implementation of Carbon Capture and...more
Earlier this year, some of the steps that Singapore has been taking to build a sustainable future and address climate change was discussed in our article “Singapore Green Energy Transition – Recent Developments”. In this...more
Building on Akin Gump’s previous coverage on Singapore’s efforts to advance its green transition initiative1 and following on from our insights into the Asia Climate Summit 2022, this post provides updates on some of the key...more
Since providing our overview of the emerging hydrogen economy back in December 2019 and April 2020 and our commentary on the role of hydrogen in achieving Singapore’s net-zero ambitions in August 2021 and April 2022, hydrogen...more
On 22nd March, Singapore’s Energy Market Authority (EMA) published the Energy 2050 Committee Report (the “Report”) in which the committee (consisting of experts from both the public and private sectors (the “Committee”)...more
Budget 2022 -
On Friday 18th February, Singapore’s Minister for Finance, Mr Lawrence Wong, delivered the country’s 2022 Budget Statement, setting out the Government’s spending plans for the current year and beyond. One of...more
As COP26 spilled over into Saturday, one of the key issues being debated throughout the course of the conference remained outstanding—agreement on the implementation of Article 6 of the Paris Agreement. Negotiations on...more
The long anticipated 26th United Nations Climate Change Conference of the Parties (COP26) kicked off last week in Glasgow and we have been closely monitoring the events of the conference, particularly where Singapore and the...more
What is green finance?
The term “green finance” refers to financial products and services provided for project investment and financing, project operation and risk management in sectors such as environmental protection,...more
11/2/2021
/ Capital Markets ,
Climate Change ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Green Bonds ,
Green Finance ,
Popular ,
Singapore ,
Sustainability ,
Sustainable Finance ,
Waste Management
In our most recent article, “Energy in ASEAN: Hydrogen in Singapore”, we highlighted some of the key developments in Singapore’s hydrogen sector as the island state moves to implement its “Green Plan” and begins to take its...more
The launch of Singapore’s Green Plan 2030 (Green Plan) in February this year is likely to mark a turning point for the island state’s energy sector. As Singapore looks to create a more sustainable society, it will become...more
8/19/2021
/ Association of Southeast Asian Nations (ASEAN) ,
Electricity ,
Energy Market ,
Energy Projects ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Hydrogen Power ,
Oil & Gas ,
Renewable Energy ,
Singapore ,
Sustainability
Carbon capture, utilization and storage (CCUS) looks set to become one of the next major talking points in energy, as countries around the globe struggle to reduce carbon dioxide (CO₂) emissions and fulfil commitments to...more
Wind power project developers were buoyed in April by the news that Vietnam’s Ministry of Industry and Trade (MOIT) had submitted Official Letter no. 2491/BCT-DL (“MOIT Proposal”) to the government, proposing to extend...more
6/11/2020
/ Coronavirus/COVID-19 ,
Electricity ,
Energy Market ,
Energy Projects ,
Energy Sector ,
Investors ,
Offshore Wind ,
Power Purchase Agreements ,
Project Finance ,
Regulatory Oversight ,
Renewable Energy ,
Vietnam ,
Wind Power
In the second installment of our series “Energy in ASEAN: The Essentials,” we will take a deeper dive into the solar energy market in Vietnam. In this article, we will provide a recap of the solar story and give an overview...more
6/4/2020
/ Association of Southeast Asian Nations (ASEAN) ,
Electricity ,
Energy Market ,
Energy Projects ,
Energy Sector ,
Foreign Investment ,
Popular ,
Renewable Energy ,
Solar Energy ,
Value-Added Tax (VAT) ,
Vietnam
ASEAN: An Economic Powerhouse -
The combined gross domestic product (GDP) of the 10 member states of the Association of Southeast Asian Nations (ASEAN) stands at $2.8 trillion—equivalent to ranking fifth in the world’s...more
Southeast Asia appears set to become the next key market in the decommissioning of offshore oil and gas assets. With an estimated 200 offshore fields likely to stop producing by 2030, comprising more than 1,500 platforms and...more
Whatever your business—whether you are an investor looking at new investments, managing existing positions or planning exits, or a corporate concerned with protecting and enhancing your business—the current public health...more
The increasing divergence between oil prices and spot liquefied natural gas (LNG) prices has created strong incentives for Asian buyers under long-term LNG contracts to seek price adjustment and other forms of LNG contract...more
Last month over 35,000 participants attended the Gastech 2019 Conference, the world’s largest gas and LNG conference, in Houston, Texas. Members of Akin Gump Strauss Hauer & Feld LLP’s global energy and transactions team...more
10/2/2019
/ Climate Change ,
Economic Growth ,
Energy Sector ,
Energy Storage ,
Environmental Assessments ,
Exports ,
FERC ,
Imports ,
Liquid Natural Gas ,
Natural Gas ,
Oil & Gas ,
Supply Chain ,
Transportation Industry
The National Development and Reform Commission and the Ministry of Commerce jointly released the new Special Administrative Measures (Negative List) for the Access of Foreign Investment (2019) in China (the “2019 Negative...more
In our July 2017 update in AG Speaking Energy, we highlighted that the Japan Fair Trade Commission (JFTC) concluded in its market study that destination clauses, diversion clauses, profit-sharing clauses and take-or-pay...more
8/2/2018
/ Anti-Monopoly ,
Buyers ,
Destination Restriction Clauses ,
Energy Market ,
Energy Sector ,
EU ,
European Commission ,
European Economic Area (EEA) ,
Export Controls ,
Imports ,
Investigations ,
Japan ,
Japan Fair Trade Commission (JFTC) ,
Liquid Natural Gas ,
Oil & Gas ,
Profit Sharing ,
Qatar ,
Resales Agreements ,
Sellers ,
Supply Agreements ,
Take-or-Pay Contracts
• JFTC‘s recent market study on clauses in LNG SPAs indicate that agreements may run afoul of Japanese antimonopoly laws.
• EU cases may provide guidance on application of competition law to destination clauses, diversion...more
7/3/2018
/ Anti-Monopoly ,
Buyers ,
Contract Terms ,
Destination Restriction Clauses ,
Energy Market ,
Energy Sector ,
EU ,
European Commission ,
European Economic Area (EEA) ,
Export Controls ,
Imports ,
Investigations ,
Japan ,
Japan Fair Trade Commission (JFTC) ,
Liquid Natural Gas ,
Oil & Gas ,
Profit Sharing ,
Qatar ,
Sellers ,
Supply Agreements ,
Take-or-Pay Contracts
In June 2017, the Japan Fair Trade Commission (JFTC) issued its conclusion on an earlier market study on liquefied natural gas (LNG) resale restrictions and cautioned that (i) destination clauses, (ii) diversion clauses,...more
7/19/2017
/ Anti-Monopoly ,
Buyers ,
Contract Terms ,
Export Controls ,
Imports ,
Japan ,
Japan Fair Trade Commission (JFTC) ,
Liquid Natural Gas ,
Oil & Gas ,
Profit Sharing ,
Resales Agreements ,
Sellers ,
Take-or-Pay Contracts
The Australian Domestic Gas Security Mechanism at a Glance -
On June 5, 2017, the Australian government released draft amendments to the existing Customs (Prohibited Exports) Regulations 1958 (the “Amended Regulations”)...more