Middle East oil shocks send S-E Asia scrambling for alternatives, but cleaner mix is no easy choice
The crisis may be a catalyst – or obstacle – for the region’s renewable energy transition goals
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] Oil supply shocks since the onset of the Iran conflict have laid bare South-east Asia’s exposure to fuel from the Middle East, with key sectors such as agriculture, industry and transportation heavily dependent on imported crude oil.
The region is disproportionately dependent on energy imports from the Middle East, with an energy mix still dominated by fossil fuels. Neither is the region’s electricity mix spared from the crisis, with several economies obtaining most of their power generation from liquefied natural gas (LNG) imports.
Across the region, governments have introduced energy-saving measures. Thailand has encouraged public employees to work remotely and instructed government offices to set air conditioning temperatures at 26 degrees Celsius, while the Vietnamese government has urged the use of public transport to save fuel.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
From intern to C-suite: JPMorgan’s Teresa Heitsenrether on building a fully AI-powered ‘megabank’
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Prime Orchard condo High Point takes fifth stab at en bloc sale with S$580 million asking price
