Petroleum / Mining in Brunei
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BRUNEI , 2015/12/28
An upgrade to its fleet of tankers could help Brunei Darussalam’s liquefied natural gas (LNG) sector weather external headwinds, which appear unlikely to relieve in the near to medium term.
While Brunei is taking steps to diversify its economy, the energy sector remains at its core, with hydrocarbons revenues accounting for around half of GDP.
The country’s LNG sector revolves around the half national-owned Brunei LNG (BLNG) plant in Lumut. Originally constructed in 1972, the plant’s capacity has been upgraded over the years, and it presently produces around 7.2m tonnes per annum.
BLNG continues to play a key role in both regional LNG supply and the domestic economy, shipping around 6.71m tonnes of gas to Japan and South Korea each year.
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BRUNEI , 2013/06/19
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 request from nearby fast-growing economies.
Brunei Darussalam is one of only three nations in “developing Asia”, alongside Kazakhstan and Azerbaijan, estimate still to be energy-self-sufficient in 2035, according to a statement published in April by the Asian Development Bank (ADB). The ADB analysis was based on a country’s projected primary energy mix until 2035, taking into account key factors such as the all of coal needed to generate electricity, current indigenous reserves of fossil fuel and projected consumption in the interim years.
