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ASEAN Centre for Energy Launches Several ASEAN Energy Reports to Strengthen Energy Security in the Region

01 November 2023

The reports include key insights from the ASEAN Energy Statistics Leaflet 2023, the ASEAN Power Updates 2023, and the ASEAN Oil and Gas Updates 2023

Jakarta, 1 November 2023 – The ASEAN Centre for Energy (ACE) is pleased to announce the release of several ASEAN reports, including the ASEAN Energy Statistics Leaflet (AESL) 2023, the ASEAN Power Updates 2023, and the ASEAN Oil and Gas Updates 2023. The virtual launch event took place today at the ACE Headquarters, attracting a diverse array of participants and stakeholders from across the ASEAN region. It also served as a platform to discuss the latest developments in the energy sector, strengthening the region’s energy security, affordability, and sustainability efforts.

The event commenced with opening remarks by Dr Nuki Agya Utama, Executive Director of ACE, who emphasised the importance of these updates about the evolving energy landscape in the region. Dr Nuki stated, “One of ACE’s missions is to serve as the region’s premier knowledge hub and data centre. The launch of these reports serves as a resounding testament to this commitment. The ASEAN reports unveiled today mark a substantial milestone in our collective endeavour, working alongside the ASEAN Member States, to strengthen not only energy security but also affordability and sustainability within the region. These reports provide important information for policymakers, industry experts, and energy enthusiasts to craft decisions that will profoundly influence the energy trajectory within our region.

The ASEAN Energy Statistics Leaflet (AESL) 2023 provides a comprehensive overview of the energy landscape in ASEAN, covering aspects of energy supply, consumption, power, renewable energy, and related economic indicators. By analysing historical data spanning from 2005 to 2021, AESL delivers robust and reliable energy statistics, reflecting the dynamic nature of the ASEAN energy market. Notable findings from AESL 2023 include a 23% surge in bioenergy consumption in 2021, while hydropower still make the largest contribution to power generation, geothermal and wind power generation reached their peaks in 2021 at 26.6 TWh and 3.7 TWh, respectively.

Continuing with the launch, the ASEAN Power Updates 2023 offers an insightful snapshot of the power landscape in the region, emphasising the distribution of installed fossil fuel capacity, the evolving share of renewable energy capacity, and projections for ASEAN’s installed power capacity based on the most recent power development plans. According to these updates, the ASEAN region boasts a total of 310 GW of installed power capacity, with coal, gas, and hydropower making up the largest shares at 106.3 GW, 89.6 GW, and 61.2 GW, respectively. However, the dominance of fossil fuel capacity, influenced by delayed projects due to COVID-19 restrictions, has impeded the growth of renewable energy in 2022, creating a 1.71% gap from the ASEAN 35% target of RE Share in installed capacity by 2025. To achieve the target, it is vital for ASEAN Member States (AMS) to curb the installation of additional fossil fuel capacity and promote clean energy policies, with the aim of attaining a 38.5% share of renewable energy capacity by 2025.

The third report unveiled at the event is the ASEAN Oil and Gas Updates 2023, which provides a comprehensive assessment of the current state and emerging trends in the oil and gas industry across ASEAN. The report offers key statistics and in-depth discussions on the region’s oil and natural gas situation. In 2022, combined crude oil reserves of the ten AMS decreased by 0.4%, while their total natural gas reserves fell by 4.9%. Oil and natural gas production also saw declines of 5.5% and 6.1%, respectively, continuing a downward trend since 2016. Notably, the region’s oil consumption exhibited rapid growth, surging by 5.8% from 2021, resulting in none of the AMS being net oil exporters in 2022.

High oil and natural gas prices, attributed to the energy crisis of 2022, prompted several AMS to take immediate actions, such as cutting energy subsidies and prioritizing domestic markets. Nevertheless, the soaring energy prices incentivised National Oil Companies (NOCs) in ASEAN to invest in exploration and infrastructure development. Additionally, collaborative frameworks were strengthened to ensure energy supply security and advance energy transition objectives. Initiatives like the ASEAN Petroleum Security Agreement (APSA), the Trans ASEAN Gas Pipeline (TAGP) and the Methane Leadership Program (MLP) underscore the region’s commitment to navigating these challenges collectively.

The event concluded with insightful closing remarks by Beni Suryadi, Manager of Power, Fossil Fuel, Alternative Energy and Storage (PFS) Department at ACE, who reiterated the importance of the reports in guiding the region toward a sustainable energy future. He stated, “The data shared today reinforces the remarkable progress in ASEAN’s energy landscape. We’re on track to surpass our renewable energy goals, and the resilience of the energy sector is evident with increased electricity generation and the completion of postponed fossil fuel projects. These insights offer a promising path to a more sustainable and secure energy future in ASEAN.

ACE remains committed to facilitating discussions and cooperation among all stakeholders in the energy sector to shape the future of energy in ASEAN.

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About ASEAN Centre for Energy (ACE)

Established on 1 January 1999, the ASEAN Centre for Energy (ACE) is an intergovernmental organisation within the Association of Southeast Asian Nations’ (ASEAN) structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector. ACE supports the implementation of the ASEAN Plan of Action for Energy Cooperation (APAEC), a blueprint for better collaboration towards upgrading energy. The Centre is guided by a Governing Council composed of Senior Officials on Energy from each AMS and a representative from the ASEAN Secretariat as an ex-officio member.

The three key roles of the ACE:

  • As an ASEAN energy think tank to assist the AMS by identifying and surfacing innovative solutions for ASEAN’s energy challenges on policies, legal & regulatory frameworks and technologies.
  • As a catalyst to unify and strengthen ASEAN energy cooperation and integration by implementing relevant capacity building programmes and projects to assist the AMS develop their energy sector.
  • As the ASEAN energy data centre and knowledge hub to provide a knowledge repository for the AMS.

Keeping the region’s improvement, sustainable and harmless to the ecosystem is a fundamental concern of the ASEAN energy sector.

Hosted by the Ministry of Energy and Mineral Resources of Indonesia, ACE’s office is located in Jakarta, Indonesia.

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