Southeast Asia to dominate global deepwater gas activity with $25bn spend
Southeast Asia will lead other regions in having the largest share of new deepwater gas and condensate developments taking a final investment decision (FID) between 2022 and 2025, research from Rystad Energy shows. Significantly, around $25 billion is expected to be spent on greenfield deepwater developments in the region from 2021-2025, up from $2 billion […]
Southeast Asia’s oil and gas output at lowest level since 1998
The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production, pushing the region’s output in 2021 to below 5 million barrels of oil equivalent per day (boepd) for the first time since 1998. Significantly, this threshold is not likely to be exceeded again in the future, despite […]
Ideas: Asean in a new age of energy security
The energy transition will have particularly interesting implications for Asean. As a rapidly developing region, growth in electricity demand has averaged around 6% per year. With fossil fuels expected to continue dominating Asean’s future energy mix, the region is projected to become increasingly dependent on energy imports to meet future demand (in the case of […]
Solar powering renewable targets in Asean
AS a region familiar with the fearsome potential of natural disasters – 80 per cent of the Asean region is surrounded by water and is prone to water-related disasters – the heat has been on, both literally and figuratively to tackle climate change.
Ahead of Blinken trip, US says committed to ‘unprecedented’ ASEAN ties
US President Joe Biden is committed to elevating US engagement with the Association of Southeast Asian Nations (ASEAN) to “unprecedented” levels, the top US diplomat for Asia said on Wednesday, ahead of a visit to Southeast Asia by US Secretary of State Antony Blinken.
How Asean economies can capitalise on carbon markets to reduce emissions and turbocharge growth
Asean is home to an abundance of natural resources that economies have harnessed to support growth and advance global trade. However, the region is overlooking perhaps its most important commodity, carbon, given that the economic bloc accounts for a quarter of the world’s total abatement potential of Natural Climate Solutions (NCS).
Oil curse and finance–growth nexus in Malaysia: The role of investment
China committed to ties with Asean: Brunei envoy
BANDAR SERI BEGAWAN (Borneo Bulletin/Asia News Network): China has reassured its commitment to work together with Asean to build a safe, peaceful as well as prosperous ‘Home’ following the success of the Asean-China Special Summit to commemorate the 30th anniversary of Asean-China Dialogue Relations on Monday, co-chaired by Sultan Hassanal Bolkiah and President of China […]
