Sign up | Log in



Home  >>   Daily News  >>   Brunei News  >>Energy  >> Brunei,US in talks for possible joint energy ventures
NEW UPDATES Asean Affairs 19 December 2014  

Brunei,US in talks for possible joint energy ventures
BRUNEI and the United States are looking to strike up a partnership on regional energy ventures, utilising a US$6 billion US-government fund for sustainable energy.
Outgoing US Ambassador Daniel Shields said his government is in talks with the Energy Department at the Prime Minister’s Office (EDPMO) to identify specific projects.
[Related stories: Brunei urged to continue role in mediating conflicts]
“If there is a case where Brunei is interested in pursuing an energy project in another country, if there is a need for US equipment and export of US goods and services to support that project, we could use that financing to help make that possible,” he said in an interview yesterday.
“EDPMO are actively looking around the region, areas where this could move forward and we’re very excited by that. It’s just a matter of finding the right project.”
In 2013, Washington pledged up to US$6 billion to grow sustainable energy in the region under the “US-Asia Pacific Comprehensive Partnership for a Sustainable Energy Future” – an initiative brokered with the help of Brunei and Indonesia, the then-chair countries of ASEAN and APEC respectively.
The fund will sink billions into Asian countries over the next four years to increase their purchasing power for American technology, services and equipment.
“The whole idea there is to expand access to clean, sustainable energy throughout the region… (projects) don’t have to be in Brunei, they could be anywhere in the region… (as long as they) achieve some of the goals on increasing energy sustainability and access,” said Shields.
The envoy said Asia’s growing demand for energy signals enormous potential for investment from the United States. It is estimated that the region will need around US$9 trillion in investments in electricity by 2035.
Shields said projects are not restricted to alternative energy, but could potentially be in the oil and gas sector.
“Energy has always been a focal point in US-Brunei relations and always will be,” he added
Brunei recently embarked on its first international energy venture when state-owned PetroleumBRUNEI was awarded a contract to drill an offshore block in Myanmar waters.
Shields is scheduled to conclude his tenure as US ambassador to Brunei this week, after almost four years in the post.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            December 19, 2014 Subsribe Now !
• VN halts Australia fruit imports Subcribe: Asean Affairs Global Magazine
• LPEI to see higher export financing with weakening rupiah 
• Brunei,US in talks for possible joint energy ventures 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Indonesia to benefit from foreign investment, trade 
• Maximum allowed public transport fare increase in 2015 is 2.8%: Lui Tuck Yew 
Asean Analysis                    December  18, 2014

• Asean Analysis December 18, 2014
The virtue of strengthening domestic palm-oil market
Advertise Your Brand

Asean Stock Watch    December  18,  2014
• Asean Stock Watch-December 18 , 2014
The Biweekly Update
• The Biweekly Update  November 28, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand