Latest news with #energycooperation
Bloomberg
3 days ago
- Business
- Bloomberg
Taiwan Official Discusses US Energy Cooperation at Alaska Summit
Taiwan's top presidential aide discussed energy cooperation with US officials at a summit this week in Alaska, where a liquefied natural gas project has come into focus for potential exporting to the island. Pan Men-an, secretary-general to Taiwan's president, gave a speech at the summit, which was held from June 2-5 and also attended by vice economic minister Lai Chien-hsin and CPC Corp. Chairman Fang Jeng-zen.
CNA
25-05-2025
- Business
- CNA
France's Macron arrives in Vietnam for Southeast Asia tour
HANOI: French President Emmanuel Macron arrived in Vietnam on Sunday (May 25) for the first leg of a Southeast Asia tour, where he will pitch his country as a reliable alternative partner to the United States and China. During his six-day trip, which includes Indonesia and Singapore, Macron will underscore his respect for the sovereignty of Asian countries "caught between the United States and China", a presidential aide said during a pre-tour briefing. The French president is due to meet Vietnam's top leadership on Monday in the capital, Hanoi, and key energy sector players on Tuesday. Macron is hoping to showcase France's expertise in civil nuclear power in Vietnam and Indonesia, which are keen to embrace this form of energy, although other countries,s including Russia, are also in the running for deals. France's willingness "to engage assertively in Indo-Pacific geopolitics offers Vietnam a useful counterweight to China's growing influence", said Nguyen Khac Giang, a visiting fellow at Singapore's ISEAS-Yusof Ishak Institute. In Indonesia, Macron will hold talks with the secretary general of the Association of Southeast Asian Nations (ASEAN), Kao Kim Hourn, on Wednesday. Macron's aide said the president is "defending the idea of international trade rules, we don't want a jungle where the law of the strongest prevails". The aide added that Macron's message is aimed at both Washington, which is exerting "extremely strong pressure" via US President Donald Trump's tariffs, and Beijing, which is becoming increasingly aggressive on both trade and territorial disputes, notably in the South China Sea. Before his departure, Macron held talks with Chinese leader Xi Jinping calling for "fair competition" between both countries. And in Singapore on Friday, Macron will give the opening speech at the Shangri-La Dialogue, Asia's largest forum on security and defence.
Malay Mail
25-05-2025
- Business
- Malay Mail
DPM Fadillah calls for Asean member states to strengthen energy cooperation
KUALA LUMPUR, May 25 — Asean member states must strengthen regional energy cooperation as part of a shared prosperity strategy, said Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who is also Energy Transition and Water Transformation Minister, said cross-border partnerships in the energy sector are already seen through collaborations between Laos, Malaysia, Thailand and Singapore. 'For instance, Laos supplies energy to Singapore, but it must pass through Thailand and Malaysia, so Laos pays a wheeling fee for transmitting through our power grid. 'However, sometimes during winter, water sources freeze and the supply is disrupted. At that point, Laos may draw power from Thailand and Malaysia to continue supplying Singapore. This shows how Asean member states support and help one another.' He told reporters this after the Luncheon Power Talk session — Shared Prosperity: The New Imperative for Asean's Economic Growth held in conjunction with the Asean Women Economic Summit (AWES) 2025 here today. Singapore currently imports up to 100 megawatts (MW) of renewable energy from Laos through a cross-border initiative called the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP). This will double to a maximum of 200MW of renewable hydropower, with supply from Malaysia as well. Fadillah said Malaysia remains committed to implementing the National Energy Transition Roadmap (NETR) and is actively working towards realising the Asean Power Grid to establish a connected and sustainable energy ecosystem. Citing the recent gas pipeline explosion in Putra Heights, Fadillah said Malaysia had entered into discussions with Thailand to supply gas to the country's northern region, following the shutdown of the affected pipeline. 'This is how we help one another. This is what we call shared prosperity. Only through sharing and mutual support can Asean become stronger and more competitive,' he said. Fadillah noted that one of the country's key challenges is ensuring a stable energy supply or baseload, which cannot be guaranteed by weather-dependent sources such as solar and wind. As such, Malaysia currently relies on coal, gas and diesel. However, he added, the world is now moving towards clean energy sources such as hydrogen, nuclear, hydropower, and biogas produced by palm oil waste and industrial by-products. Meanwhile, Fadillah said Malaysia remains committed to empowering women in all aspects of national development, including entrepreneurship, employment and capacity building, in line with the shared prosperity approach. He said this commitment is evident through efforts to promote women's empowerment, particularly in education policy, with women now dominating higher education institutions and increasingly excelling in technical and professional fields. Fadillah added that the shared prosperity agenda extends to all segments of society, including women and those living in rural or marginalised areas. 'We must create space and opportunities for women and groups that may have been left behind. For example, those in remote rural areas... we need to close the gaps, including the digital divide, development disparities, and the gap between policy and implementation,' he said. The session was moderated by Kuok Brothers Sdn Bhd managing director and K3 Ventures founder Kuok Meng Xiong. UOB Malaysia is the main sponsor of AWES 2025, with Kuok Brothers Sdn Bhd as the empowerment partner. The two-day inaugural AWES 2025, which began Saturday, was held in conjunction with the 46th Asean Summit, held under Malaysia's 2025 Chairmanship. It was attended by over 700 delegates representing government, business, and civil society across Asean. Themed 'Empowering Women, Energising Asean: Pioneering Economic Integration for a Resilient Tomorrow', AWES highlighted the urgent need to position women at the forefront of Asean's economic transformation, particularly in addressing current challenges such as global tariff wars, digital transformation, and sustainable development.. It also featured discussion and strategic brainstorming sessions, leadership lab and mentorship programme. — Bernama
Irish Times
19-05-2025
- Business
- Irish Times
Brexit ‘reset' to give Irish fishing boats access to British waters until 2038 and cut red tape on agri products
Fishing boats from the Republic will retain access to British fishing waters until at least 2038, under a new post- Brexit 'reset' deal agreed between the UK and the European Union. The deal also includes a commitment to co-operate on security and defence and an agreement to pare back some checks on food products sold from Britain into the EU, making trade easier. It is understood the post Brexit reset includes an agreement that both sides would have access to the others' fishing waters, allowing EU boats to fish in British waters until at least 2038. A Brexit-era deal that extended permissions for EU fishermen to catch in British waters was due to run out in 2026. There will also be closer co-operation on energy supply between the UK and the EU as part of the deal. READ MORE It is understood the agreement contains a nod to future talks to hammer out a scheme that would allow young people to move between the UK and the EU to work or study. Negotiators did not manage to settle the details of how such a scheme would work, such as the number of years it would be limited to, a key concern of the UK side. Further negotiations will take place to agree a youth mobility scheme at a late date. [ Defence pact likely to be centrepiece of EU-UK 'reset' summit in London Opens in new window ] The deal cuts back on some of the red tape introduced after Britain's exit from the EU, such as health and safety checks on agri-food products sold into the EU from Britain. On efforts to tackle irregular migration - a key demand of the UK side - there is an agreement to share more information, such as fingerprint data, facial images and details of criminal records of migrants, between the UK authorities and Europol, the EU's law enforcement agency. The deal paves the way for the UK to enter into joint defence procurement contracts with EU states, including purchases and contracts funded by new cheap loans, backed by the EU budget to boost the amount the bloc spends on its defence. The EU's foreign affairs chief Kaja Kallas will hold regular meetings with British foreign secretary David Lammy and defence secretary John Healey, to discuss ongoing security co-operation.
Trade Arabia
14-05-2025
- Business
- Trade Arabia
Saudi Arabia, US sign several major bilateral deals
Saudi Arabia's HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and President Donald J Trump of the US witnessed the signing of key agreements as they co-chaired the Saudi-US Summit at the Royal Court in Al-Yamamah Palace on Tuesday. The summit addressed bilateral relations and coordination efforts to enhance the strategic partnership between the two friendly countries across various sectors. Discussions also covered the latest regional and international developments, issues of mutual interest, and efforts to promote security and stability. HRH the Crown Prince and the US president signed the Strategic Economic Partnership between the governments of Saudi Arabia and the US. They also witnessed the exchange and announcement of the following bilateral agreements and memoranda: * A memorandum of understanding for energy cooperation between the Ministry of Energy of Saudi Arabia and the US Department of Energy, exchanged by Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and US Secretary of Energy Chris Wright. * A memorandum of intent for the modernisation and development of the capabilities of the Saudi Armed Forces through future defence capabilities between the Ministry of Defense of Saudi Arabia and the US Department of Defense, exchanged by Minister of Defense Prince Khalid bin Salman bin Abdulaziz and US Secretary of Defense Pete Hegseth. Announced also were the following: * A memorandum of cooperation in the field of mining and mineral resources between the Ministry of Industry and Mineral Resources of Saudi Arabia and the US Department of Energy. * A letter of intent to complete work and enhance joint cooperation on ammunition, training, support services, maintenance, systems modernisation, spare parts, and education for the Ministry of the National Guard's land and air systems. * A memorandum of understanding between the International Partnership Program of the Ministry of Interior and the Federal Bureau of Investigation (FBI) of the US Department of Justice. * A letter of intent between the Ministry of Defense of Saudi Arabia and the US Department of Defense regarding the development of the health capabilities of the Saudi Armed Forces. * A memorandum of understanding for judicial cooperation between the Ministry of Justice of the Kingdom of Saudi Arabia and the US Department of Justice. * An executive agreement between the Saudi Space Agency and the National Aeronautics and Space Administration of the US for cooperation on the Space Weather CubeSat on the Artemis II Mission. * A Customs Mutual Assistance Agreement. * A Protocol of Amendment to the Saudi Arabia-US Air Transport Agreement. * A memorandum of understanding for cooperation between the Saudi National Institute of Health Research and the US National Institute of Allergy and Infectious Diseases in the field of medical research on infectious diseases. * A collaboration agreement between the Royal Commission for AlUla and the Smithsonian Institute through its National Zoo and Conservation Biology Institute. * A collaboration agreement between the Royal Commission for AlUla and the Smithsonian Institute through its National Museum of Asian Art.
