Rising demand set to turn SE Asia into net importer of fossil fuels
Mindy Tan
Singapore
SOUTH-east Asia is on the verge of becoming a net importer of fossil fuels for the first time as rising fuel demand, especially for oil, has far outpaced regional production, warned the International Energy Agency (IEA) on Wednesday.
It added that the region is one of the few where demand for coal is expected to continue increasing over the coming decades.
TRENDING NOW
Why US$100 oil, 5% US yields affect Singdollar, ringgit differently vs other Asean currencies
Singapore fintechs struggle to find finance and tech talent
Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing
Why Tan Aik Keong of digital solutions specialist Agmo wants to make himself less indispensable