The oil and gas industry has seen turbulent times over the last 10 years, with the 2008 financial crisis as a turning point for the industry as a whole.
Job creation has always been an important priority for governments in the region, and with an estimated 68 million new workers entering ASEAN’s labour force by 2025, it will remain a priority in the coming years.
Brunei is blessed with an abundance of fossil fuel deposits that has propelled its economy to prosperity. This high-income nation is now looking to diversify its economy to reduce over-dependence on oil and gas exports for national income.
ASEAN represents one of the most dynamic parts of the global energy system with its energy demand growing by 60% over the past 15 years. Robust economic and demographic growth pushes this strong demand.
Thai energy companies are growing beyond their own borders, with projects slated for the rest of the region. These planned projects are a testament to Thailand’s energy policies and the savviness of its energy companies.
In the past decade Asia has emerged as a booming market for nuclear energy. According to the World Nuclear Association, over half of the world’s nuclear plants under construction are in Asia.
Hydropower in Southeast Asia holds much promise. According to the International Renewable Energy Agency (IRENA), hydropower capacity in the region grew almost threefold from 16 GW to 44 GW between 2000 and 2016.
The path towards meeting the Association of Southeast Asian Nations’ (ASEAN) goal of securing 23 percent of its primary energy from renewable resources by 2025 is no simple feat.