ASEAN to boost cooperation in energy

ASEAN to boost cooperation in energy

PetroVietnam has cooperated with other regional partners to establish
boundaries of joint oil exploration areas since its entry into ASCOPE in
1996.

ASCOPE's members made the commitment at their 83rd national committee
meeting in Viet Nam held from May 15 to 17 in the central city of Da Nang.

The participants agreed to promote the reuse of waste catalysts in
refineries, upgrade and expand refineries, optimise the model of heat
exchanger cleaning and rank the optimal level of operating capacity.

In addition, ASCOPE negotiated to enhance an emergency response system for
gas shortages to address possible energy security emergencies among ASEAN
countries.

Nguyen Quynh Lam, deputy general director of Viet Nam's National Oil and Gas
Group (PetroVietnam) and chairman of ASCOPE National Committee for Viet Nam,
said Viet Nam had provided initiatives on the provision of facilities and
logistics within member countries and other ideas in order to implement
ASCOPE goals and ensure members' interests.

The Council also agreed to continue developing the guidelines for
decommissioning the region's substantial stock of ageing offshore oil and
gas infrastructure.

In the previous meeting in Cambodia last year, ASCOPE decided to change its
vision and mission, organisational structure, model, content of activities
and priority projects in line with the directions of the ASEAN Ministers on
Energy Meeting.

Ascope, established in 1975, has ten members including Brunei national
petroleum company (PetroleumBRUNEI), Ministry of Mines and Energy Cambodia
(MME), Indonesia national oil company (Pertamina), Lao State fuel company
(LSFC), Malaysia oil and gas company (Petronas), Myanmar oil and gas
enterprise (M.O.G.E), Philippines national oil company (PNOC), Singapore
liquefied natural gas (SLNG), Thailand oil and gas company (PTT) and Viet
Nam's National Oil and Gas Group (PetroVietnam).

PetroVietnam joined ASCOPE in 1996 and since then, the group has cooperated
with other regional partners to establish boundaries of joint oil
exploration areas.

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Link to Original Article:
http://english.vietnamnet.vn/fms/business/178717/asean-to-boost-cooperation-
in-energy.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com