The Petronas towers in Kuala Lumpur
Southeast Asian nations poised for crucial decade
Future development prospects are mixed across the energy-hungry region
Southeast Asia’s energy needs continue to grow rapidly, and the 2020s are set to be a critical decade for the region’s upstream. Energy demand is projected to rise by 3pc a year this decade, and three-quarters of that increase will be met by fossil fuels, the IEA predicts. Upstream activity in the region is dominated by NOCs with varying approaches and priorities. But governments also need to attract foreign investment and expertise to develop significant projects. And like all developing nations, Southeast Asian countries are seeking to balance that need with the desire to maximise returns on their natural resources, as well as their respective carbon pledges. The regional outlooks for oil
Also in this section
8 December 2023
The US oil major is leveraging its skillset to develop a low-carbon portfolio spanning CCS and blue hydrogen to lithium for EV batteries
8 December 2023
Insisting that profitability must be maintained as energy companies transition from fossil fuels to clean fuels has enabled Repsol to ratchet up its climate neutrality ambitions, making the company an industry leader.
6 December 2023
The threat of a big disruption to energy trade in the Middle East appears to be receding, but the fog of war is casting doubt on projects in the region
