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Entering the new year of 2021, the world could not shrug off the pandemic just yet. Mixed messages from vaccine development and new virus strain solidifies 2021 as another year of uncertainty. But cautious optimism lingers, especially in renewables sector.
COVID-19 vs ASEAN Energy Sector: Oil & Gas – Recap of 2020
The year 2020 has been challenging globally as the coronavirus lingering. In March, COVID-19 was declared by the World Health Organisation as a pandemic, which affected many sectors, including oil and gas. As the measures to curtail the virus spread, countries around the world implemented movement restrictions, resulting in an extreme decline in the fuel demand, especially from the transportation sector. With the oversupply, oil and gas price experienced unprecedented volatility.
COVID-19 vs ASEAN Energy Sector: Renewables – Recap of 2020
Entering the new year of 2021, the world could not shrug off the pandemic just yet. Mixed messages from vaccine development and new virus strain solidifies 2021 as another year of uncertainty. But cautious optimism lingers, especially in renewables sector.
COVID-19 vs ASEAN Energy Sector: Electricity – Recap of 2020
The social distancing also urged some non-essential sectors to implement the working-from-home (WFH) scheme, causing the soaring electricity demand and bills in the residential sector. Deal with rising bills, ASEAN countries have poured the worth-to-get people with billions of dollars through various recovery stimulus packages. Seeing from the mapped problems in 2020 and some ASEAN government’s efforts, it is interesting to see what 2021 would be. As vaccines have been discovered and gradually injected into people, it is considered will be a turning point to economic bounce back. However, crucially important is to make sure the pathway that ASEAN chooses for the post-pandemic is to pursue ‘build back better’.
