Latest news with #ASEANPlanofActionforEnergyCooperation
Barnama
2 days ago
- Business
- Barnama
Three Key Meetings Mark Final Day Of 43rd ASEAN SOME-PETRA
KUCHING, June 18 (Bernama) -- Three key meetings held in conjunction with the 43rd ASEAN Senior Officials Meeting on Energy (SOME) have concluded the series of high-level dialogues on energy within the ASEAN framework. The host, the Ministry of Energy Transition and Water Transformation (PETRA) announced that the third day of the event saw the convening of the 24th SOME+3 Energy Policy Governing Group (EPGG), which brought together senior energy officials from ASEAN member states and their three key dialogue partners, China, Japan and the Republic of Korea. In a statement, PETRA said the meeting reviewed the implementation progress of Phase II of the ASEAN Plan of Action for Energy Cooperation (APAEC) (2021-2025) and discussed the strategic direction for the development of Phase III of the APAEC. 'One of the focus areas discussed was the implementation of renewable energy, energy security and the peaceful development of nuclear energy. 'Additionally, the 3rd ASEAN Energy- European Union (EU) energy dialogue emphasised efforts to strengthen bilateral cooperation in the energy sector,' read the statement. According to PETRA, the session highlighted policy exchanges between both sides, including the EU's reaffirmed support for the ASEAN Power Grid and the integration of renewable energy sources. It added that the session also covered the implementation of the ASEAN-EU Energy Cooperation Work Plan 2025-2026, which outlines initiatives such as the ASEAN Green Initiative and the Sustainable Connectivity Package (SCOPE). PETRA also announced today's final meeting was the Special Governing Council Meeting of the ASEAN Centre for Energy (ACE), chaired by Malaysia. 'The closed-door meeting approved the ACE Audited Financial Report 2024 and discussed the implementation of the ACE Work Plan 2025, including the initial development of a renewable energy subsidy framework,' it said.
The Sun
5 days ago
- Business
- The Sun
ASEAN energy meeting convenes in Kuching today
KUCHING: The 43rd ASEAN Senior Officials Meeting on Energy and its associated meetings have commenced here today and will run until June 18, with about 250 delegates, including senior energy officials and representatives from the ASEAN Secretariat and ASEAN Centre for Energy. Hosted by the Energy Transformation and Water Transformation Ministry in conjunction with Malaysia's ASEAN chairmanship, the meeting involved all 10 ASEAN member states, namely Malaysia, Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Singapore, Thailand and Vietnam, with Timor-Leste as an observer. They are joined by dialogue partners China, South Korea, Japan, Russia, the United States, and representatives from the International Renewable Energy Agency, the International Energy Agency, the Economic Research Institute for ASEAN and East Asia, the Asian Development Bank and the World Bank. The Senior Officials Meeting on Energy and associated meetings aim to align ASEAN energy policies at the senior official level. The agenda includes reviewing progress on the ASEAN Plan of Action for Energy Cooperation (APAEC) and preparing key decisions for the 43rd ASEAN Ministers on Energy Meeting, scheduled for October this year. Discussions at the Senior Officials Meeting on Energy will focus on delivering consensus-based outcomes, such as an updated APAEC work plan, policy recommendations on regional energy security, renewable energy financing and grid integration. Key outcomes are anticipated to include advancing the APG Enhanced MOU, finalising the draft APAEC policy document, and securing endorsement of the ASEAN Petroleum Security Agreement. Priority discussion areas for SOME this year include the ASEAN power grid, the status of initiatives towards achieving APAEC targets, and energy transition financing.
The Sun
5 days ago
- Business
- The Sun
ASEAN energy meeting convenes in Kuching
KUCHING: The 43rd ASEAN Senior Officials Meeting on Energy and its associated meetings have commenced here today and will run until June 18, with about 250 delegates, including senior energy officials and representatives from the ASEAN Secretariat and ASEAN Centre for Energy. Hosted by the Energy Transformation and Water Transformation Ministry in conjunction with Malaysia's ASEAN chairmanship, the meeting involved all 10 ASEAN member states, namely Malaysia, Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Singapore, Thailand and Vietnam, with Timor-Leste as an observer. They are joined by dialogue partners China, South Korea, Japan, Russia, the United States, and representatives from the International Renewable Energy Agency, the International Energy Agency, the Economic Research Institute for ASEAN and East Asia, the Asian Development Bank and the World Bank. The Senior Officials Meeting on Energy and associated meetings aim to align ASEAN energy policies at the senior official level. The agenda includes reviewing progress on the ASEAN Plan of Action for Energy Cooperation (APAEC) and preparing key decisions for the 43rd ASEAN Ministers on Energy Meeting, scheduled for October this year. Discussions at the Senior Officials Meeting on Energy will focus on delivering consensus-based outcomes, such as an updated APAEC work plan, policy recommendations on regional energy security, renewable energy financing and grid integration. Key outcomes are anticipated to include advancing the APG Enhanced MOU, finalising the draft APAEC policy document, and securing endorsement of the ASEAN Petroleum Security Agreement. Priority discussion areas for SOME this year include the ASEAN power grid, the status of initiatives towards achieving APAEC targets, and energy transition financing.
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
ASEAN energy meeting convenes in Kuching today
KUCHING — The 43rd ASEAN Senior Officials Meeting on Energy and its associated meetings have commenced here today and will run until June 18, with about 250 delegates, including senior energy officials and representatives from the ASEAN Secretariat and ASEAN Centre for Energy. Hosted by the Energy Transformation and Water Transformation Ministry in conjunction with Malaysia's ASEAN chairmanship, the meeting involved all 10 ASEAN member states, namely Malaysia, Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Singapore, Thailand and Vietnam, with Timor-Leste as an observer. They are joined by dialogue partners China, South Korea, Japan, Russia, the United States, and representatives from the International Renewable Energy Agency, the International Energy Agency, the Economic Research Institute for ASEAN and East Asia, the Asian Development Bank and the World Bank. The Senior Officials Meeting on Energy and associated meetings aim to align ASEAN energy policies at the senior official level. The agenda includes reviewing progress on the ASEAN Plan of Action for Energy Cooperation (APAEC) and preparing key decisions for the 43rd ASEAN Ministers on Energy Meeting, scheduled for October this year. Discussions at the Senior Officials Meeting on Energy will focus on delivering consensus-based outcomes, such as an updated APAEC work plan, policy recommendations on regional energy security, renewable energy financing and grid integration. Key outcomes are anticipated to include advancing the APG Enhanced MOU, finalising the draft APAEC policy document, and securing endorsement of the ASEAN Petroleum Security Agreement. Priority discussion areas for SOME this year include the ASEAN power grid, the status of initiatives towards achieving APAEC targets, and energy transition financing. — BERNAMA
The Sun
26-05-2025
- Business
- The Sun
Malaysia urges ASEAN unity for fair, inclusive energy transition
KUALA LUMPUR: Malaysia, as ASEAN Chair for 2025, has called on member states to step up regional cooperation to drive a fair, secure and inclusive energy transition, in line with climate goals and the region's growing energy demand. Deputy Prime Minister Datuk Seri Fadillah Yusof said the region's energy future must be grounded in unity, practical frameworks and mutual benefits. 'As Chair of ASEAN in 2025, Malaysia is deeply committed to promoting dialogue, building consensus and advancing regional frameworks that will power a cleaner, more secure and more inclusive energy future,' he said. He said this in his keynote address at the Energy Transition Meeting in ASEAN: Fostering Regional Cooperation organised by MyDigital here today. Fadillah, who is also the Minister of Energy Transition and Water Transformation, said ASEAN's energy demand has been growing faster than the global average, at three per cent annually, and is projected to rise by more than 60 per cent by 2040, presenting both opportunities and challenges. 'This growth, while reflective of our economic dynamism, presents us with a pressing dilemma: how do we continue powering our progress while safeguarding environmental sustainability and ensuring affordability for all? 'The answer lies in a managed, inclusive and well-coordinated energy transition, one that reflects the diversity of ASEAN while advancing a common vision,' he said. He highlighted ASEAN's progress under the ASEAN Plan of Action for Energy Cooperation (APAEC) Phase II, noting that renewable energy now makes up 34 per cent of installed electricity capacity, though its share in total primary energy supply remains at 16 per cent. 'Vietnam has rapidly expanded its solar capacity by more than 20GW since 2019; Indonesia is anchoring a Just Energy Transition Partnership to transition to cleaner energy sources with at least USD20 billion of support; (and) Thailand has adopted a Bio-Circular-Green Economy model to align sustainability with productivity,' he said. He also reaffirmed Malaysia's target of 70 per cent renewables in installed capacity by 2050 under the National Energy Transition Roadmap (NETR). Fadillah said regional integration was crucial, especially through mechanisms like the ASEAN Power Grid (APG), which aims to unlock cross-border power trade, leveraging the region's uneven distribution of renewable resources. 'The Laos-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP) is a prime example of how multilateral electricity trade is possible, allowing countries to work together to deliver renewable electricity across borders. 'From a national perspective, Malaysia commenced its first cross-border green electricity trade with Singapore through ENEGEM (Energy Exchange Malaysia). In just 148 days, over 107 TWh of green electricity generated from solar and hydro has been successfully delivered across the Causeway to Singapore,' he added. He stressed the need to harmonise green attributes such as Renewable Energy Certificates (RECs) across the region to boost investor confidence and prevent double-counting. 'Malaysia strongly supports an ASEAN-wide framework for green attributes that aligns with international best practices,' he said, adding that this will be one of the priorities under Malaysia's ASEAN Chairmanship. Fadillah said Malaysia would work through existing ASEAN platforms and newer partnerships like the ASEAN-Gulf Cooperation Council and ASEAN-China dialogues, noting that the Gulf states bring substantial expertise in utility-scale renewables while China offers technology and financing. 'ASEAN must negotiate from a position of unity. A coordinated regional stance enhances our bargaining power, attracts large-scale investments and sends a strong signal that ASEAN is open for green business,' he said.
