Electric taxis in Shenzhen, China
Cleantech to play limited role in determining Asian demand
Oil and gas requirements in the region are unlikely to hinge on wind and solar build-out or a move to electric vehicles, at least in the near-term
Asia-Pacific countries are setting ambitious targets for expanding their renewable energy capacities as part of pathways to lower-carbon and even net-zero futures, while electric vehicles (EVs) are growing their market share. But, for regional hydrocarbons demand, these may well remain largely sideshows for the next few years. The installed capacity of renewables projects in Asia is set to reach 815GW by 2025, according to consultancy Rystad Energy. This is an increase from a 2020 level of 517GW—with solar capacity rising from 215GW to 382GW and onshore wind from 266GW to 341GW. Gas is obviously more at risk than oil of being directly impacted by renewables as a competing provider of electro
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
