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
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields