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Revisiting ASEAN Energy Trends in 2022 and Projecting What Lies Ahead in 2023

17 February 2023

Jakarta, 14 February 2023

The ASEAN Centre for Energy (ACE) released 2 (two) timely reports, namely, 2022 ASEAN Energy Insights and Outlook on ASEAN Energy 2023 −  complementary to the official reference for the ASEAN energy landscape, the 7th ASEAN Energy Outlook (AEO7) − during the AEO7 Webinar taking the theme of “Redesigning ASEAN Energy Security.”

The Insights provide a year-long news trends analysis in 2022 to update ASEAN energy dynamics from 4 (four) different sectors: Fossil Fuel, Renewable Energy, Energy Efficiency, and Electricity. These articles highlight the new role of fossil fuels towards clean energy transition and more resilient energy, enhanced commitments to accelerate sustainable energy initiatives, intensive efforts and electric vehicle revolution, and green transformation of the power sector to maintain energy security and sustainability. Based on this prompt, the regional situation in 2022 was absorbed in maintaining energy resilience and sustainability. Meanwhile, the energy insecurity in ASEAN has turned the government to address the disrupted energy market with consideration towards cleaner and more resilient energy.

Learning from the essence of the 2022 ASEAN Energy Insights, the Outlook on ASEAN Energy 2023 serves to respond to the learning points and attempt to project what could be anticipated in 2023. To name a few, progress in some enabling policies related to energy transition has appeared evident in contributing to the decisive milestone towards the target of renewable share in 2023. Meanwhile, not all ASEAN Member States (AMS) have submitted Enhanced Nationally Determined Contributions (ENDC) with more ambitious targets and strategic international public support. The report also elaborates potential focus on this year’s Indonesia ASEAN Chairmanship, as energy security named as one of the key priorities.

The webinar concludes from the panel session that ASEAN should rethink the future scenario and strive for collaboration to safeguard energy security. Dr. Kazutomo IRIE (APERC President) mentioned that the region may encounter challenges in stabilizing natural gas supply. Mr. Satya Widya Yudha (National Energy Council, Indonesia) highlighted that ASEAN should establish a stronger regional market in energy sectors to transform the global value chains into domestic oriented, to strengthen energy supply. In addition, Mr. Toru MUTA stated that enabling policies are a significant task for the government to attract private sectors for green energy investment. Meanwhile, Dr. Ambiyah Abdullah stressed the importance to establish long-term of the ASEAN energy security design.The reports are accessible at

go.aseanenergy.org/Outlook2023 and go.aseanenergy.org/EnergyInsight

Recording: https://youtu.be/LGSmefAuKikContact Person: Energy Modeling, Policy and Planning Department, ACE, [email protected]

About ACE

Established on 1 January 1999, the ASEAN Centre for Energy (ACE) is an intergovernmental organisation within the ASEAN structure representing the 10 ASEAN Member States (AMS) interests in the energy sector. It 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. For more information, visit www.aseanenergy.org

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