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Indonesia’s upstream picks up the pace
The government is optimistic that increasing offshore activity and exploration will help revive flagging production, despite energy security fears
Thailand and Cambodia eye oil and gas detente
Asian neighbours seek resolution on territorial dispute for hydrocarbons development that has spanned decades
Malaysia looks to deepwater to sustain output
The country is nearing a tipping point as its domestic needs continue to grow
New regulations pose risks for Thai refiners
Attempts to control domestic fuel prices could threaten supply
Greater Sunrise brightens Timor-Leste's outlook
But the young nation may have to go through a fallow period before that project comes online as the Bayu-Undan field nears exhaustion
Indonesia prioritises domestic needs over LNG exports
The country’s hunger for energy will continue to compete with its LNG exports, even as more gas projects progress and new liquefaction capacity comes online
Asia increasingly looks to flexible LNG supply
Demand growth and the expiration of existing contracts mean Asian nations will become less reliant on long-term contracted supply
Jadestone sees opportunities in Southeast Asia
The AIM-listed independent is pushing ahead with developments in Indonesia, Malaysia and Vietnam, CEO Paul Blakeley tells Petroleum Economist
Canada’s Valeura eyes fresh deals after Thai expansion
The company is also working to sustain output from its Thai-focused portfolio into the 2030s
Indonesia looks to gas to cover growing energy needs
Recent elections and on-going LNG developments highlight the importance of domestic gas demand in the sprawling island nation
The Petronas towers in Kuala Lumpur
Brunei Indonesia Malaysia Philippines Thailand Timor Leste Vietnam
Simon Ferrie
12 July 2022
Follow @PetroleumEcon
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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

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