Page 16 - Oil&Gas-AustralAsia-2015-Issue-5
P. 16
C AMBODIA
Contract signed for new LNG plant
By Marie RYAN
The whole project is scheduled to be The total investment of the power
Camdodia is set to receive a new LNG implemented in two phases, with the plants in the two phases and the sup-
power plant after the signing of a first phase of the project including the porting LNG receiving station is about
project design contract between YPDI construction of a new 5MW temporary RMB 4.1bn (US$643m), of which the
(Nanjing Yangzi Petrochemical Design power supply facilities in the Cambodia investment of the 5MW temporary
Engineering Limited), a subsidiary of Bavet Dragon King Economic Devel- power supply facilities, two 50MW
CIMC Enric, and Malaysia ITG petro- opment Zone, 50MW power supply power supply facilities and the support-
leum Pty Ltd (ITG oil & gas services facilities and its supporting LNG receiv- ing LNG receiving station of the first
(S.E.A) Sdn Bhd). ing station, and a new 50MW power phase of the project is about RMB 900m
supply facilities and its supporting LNG (US$141m approx.).
The agreement was signed in Shenzen receiving station at the location of the The design contract includes the project
and includes the associated transporta- Cambodia Phnom Penh capital iron feasibility study report, basic design
tion and storage facility of LNG. and steel plant. and detailed design, and the feasibility
The second phase of the project is to study report will cover the two phases
The location of the project is Bavet build a new 250MW power plant and of the project, whilst the basic design
Dragon King Economic Development the supporting LNG receiving station and detailed design only covers the first
Zone in Cambodia, which is also home at the Cambodia Bavet Dragon King phase.§
to the Cambodia Phnom Penh capital Economic Development Zone.
iron and steel plant.
Government meets with Petroleum prices at most gas stations
majors to drop fuel prices in the national capital of Phnom Penh
ranged from 3,800 riel (US94 cents)
By Marie RYAN per litre for regular gasoline to 4,050
riel (US1 dollar) per litre for premium
Traffic in Phnom Penh. Image courtesy of Iwan Gabovitch. gasoline.
Commerce Secretary of State Chhuon
The Cambodia’s Ministry of Commerce set the prices that did not reflect falling Dara said gasoline prices in Cambodia
convened a meeting in October with global oil prices. were still high compared to those in
eight major oil companies to urge them Speaking at the meeting Commerce Thailand, Vietnam, and Malaysia.
to slash oil prices as global prices have Minister Sun Chanthol said in the free “A litre of gasoline in Malaysia was only
declined. market, the government does not set US56 cents,” Mr Dara said.
The meeting was made after Prime oil prices, but advises oil companies to At the end of the meeting, the govern-
Minister Hun Sen said last week that lower the prices when global oil prices ment and the oil companies agreed
global oil prices had dropped in the last have nosedived. to work together to set up a formula
few months, but local fuel retailers have to determine local oil prices that will
respond to the fluctuation of global oil
prices.
Cambodia imports oil from Vietnam,
Singapore and Thailand as its seabed’s
oil and gas have not yet been exploited.
The country imported 1.55 million
tonnes of petroleum last year, costing
1.46 billion U.S. dollars, according to
the Ministry of Commerce.§
A A14 OIL & GAS ustral SIA NOVEMBER/DECEMBER 2015 www.oilandgasaustralasia.com
Contract signed for new LNG plant
By Marie RYAN
The whole project is scheduled to be The total investment of the power
Camdodia is set to receive a new LNG implemented in two phases, with the plants in the two phases and the sup-
power plant after the signing of a first phase of the project including the porting LNG receiving station is about
project design contract between YPDI construction of a new 5MW temporary RMB 4.1bn (US$643m), of which the
(Nanjing Yangzi Petrochemical Design power supply facilities in the Cambodia investment of the 5MW temporary
Engineering Limited), a subsidiary of Bavet Dragon King Economic Devel- power supply facilities, two 50MW
CIMC Enric, and Malaysia ITG petro- opment Zone, 50MW power supply power supply facilities and the support-
leum Pty Ltd (ITG oil & gas services facilities and its supporting LNG receiv- ing LNG receiving station of the first
(S.E.A) Sdn Bhd). ing station, and a new 50MW power phase of the project is about RMB 900m
supply facilities and its supporting LNG (US$141m approx.).
The agreement was signed in Shenzen receiving station at the location of the The design contract includes the project
and includes the associated transporta- Cambodia Phnom Penh capital iron feasibility study report, basic design
tion and storage facility of LNG. and steel plant. and detailed design, and the feasibility
The second phase of the project is to study report will cover the two phases
The location of the project is Bavet build a new 250MW power plant and of the project, whilst the basic design
Dragon King Economic Development the supporting LNG receiving station and detailed design only covers the first
Zone in Cambodia, which is also home at the Cambodia Bavet Dragon King phase.§
to the Cambodia Phnom Penh capital Economic Development Zone.
iron and steel plant.
Government meets with Petroleum prices at most gas stations
majors to drop fuel prices in the national capital of Phnom Penh
ranged from 3,800 riel (US94 cents)
By Marie RYAN per litre for regular gasoline to 4,050
riel (US1 dollar) per litre for premium
Traffic in Phnom Penh. Image courtesy of Iwan Gabovitch. gasoline.
Commerce Secretary of State Chhuon
The Cambodia’s Ministry of Commerce set the prices that did not reflect falling Dara said gasoline prices in Cambodia
convened a meeting in October with global oil prices. were still high compared to those in
eight major oil companies to urge them Speaking at the meeting Commerce Thailand, Vietnam, and Malaysia.
to slash oil prices as global prices have Minister Sun Chanthol said in the free “A litre of gasoline in Malaysia was only
declined. market, the government does not set US56 cents,” Mr Dara said.
The meeting was made after Prime oil prices, but advises oil companies to At the end of the meeting, the govern-
Minister Hun Sen said last week that lower the prices when global oil prices ment and the oil companies agreed
global oil prices had dropped in the last have nosedived. to work together to set up a formula
few months, but local fuel retailers have to determine local oil prices that will
respond to the fluctuation of global oil
prices.
Cambodia imports oil from Vietnam,
Singapore and Thailand as its seabed’s
oil and gas have not yet been exploited.
The country imported 1.55 million
tonnes of petroleum last year, costing
1.46 billion U.S. dollars, according to
the Ministry of Commerce.§
A A14 OIL & GAS ustral SIA NOVEMBER/DECEMBER 2015 www.oilandgasaustralasia.com
