Southeast Asia counting on carbon capture
The region’s shift from coal- to gas-fired generation will require additional strategies to meet ambitious carbon targets
Governments and energy industry players in Southeast Asia are planning to use carbon capture and storage (CCS) and so-called ‘carbon-neutral’ LNG to extend the use of gas in the long term, as the question of how to meet ambitious climate commitments without causing too much disruption to regional economies comes ever more sharply into focus. A radical transformation of Southeast Asia’s energy sector is required to reach the region’s 2050 net-zero and carbon-neutrality aspirations. As a consequence, the region is tipped to be one of the most important drivers of gas demand growth, amid rising electricity consumption from improving living standards and industrialisation. Southeast Asia’s gas d
Also in this section
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy