Rising Electricity Demand Deepens Southeast Asia’s Energy Security Concerns, IEA Reports Says
The report says demand is rising fastest in Indonesia and Vietnam while imported LNG and coal leave regional power systems more exposed to price swings.
- On Tuesday, the International Energy Agency released a report forecasting Asean electricity demand will expand at an average annual rate of 5.4% through 2030, driven by rising cooling, data center, and industrial needs.
- Growing energy needs coupled with supply risks from the Iran war are increasing pressure on electric power systems, as regional electricity demands outpace power generation growth, according to the Asean Energy Security Review.
- Indonesia is expected to drive about 40 per cent of regional demand growth, followed by Vietnam at 26 per cent, while rapid urbanization and rising living standards have pushed energy consumption up nearly 30% per person over the last decade.
- Amy Kong of Zero Carbon Analytics said, "The Iran war has given governments a bit of a reality check," as nations face fuel shortages and must diversify energy sources to improve security.
- Expanding intra-regional cooperation is essential to "strengthen resilience across both mineral supply and downstream industrial supply chains," though low-emissions hydrogen and biomethane face limited commercial-scale deployment through 2030.
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12 Articles
My Mother Lode
Rising electricity demand deepens Southeast Asia’s energy security concerns, IEA reports says
BANGKOK (AP) — Risks to Southeast Asia’s energy supplies are multiplying faster than nations are coming up with solutions to meet rapidly rising demand for electricity, according to an International Energy Agency report released Tuesday. Southeast Asia has a seemingly insatiable appetite for energy, but the region is now in a pinch as energy costs...
Rising electricity demand deepens Southeast Asia’s energy security concerns, IEA reports says – WTOP News
BANGKOK (AP) — Risks to Southeast Asia’s energy supplies are multiplying faster than nations are coming up with solutions to meet rapidly rising demand for electricity, according to an International Energy Agency report released Tuesday. Southeast Asia has a seemingly insatiable appetite for energy, but the region is now in a pinch as energy costs...
Winnipeg Free Press
Rising electricity demand deepens Southeast Asia's energy security concerns, IEA reports says
BANGKOK (AP) — Risks to Southeast Asia's energy supplies are multiplying faster than nations are coming up with solutions to meet rapidly rising demand for electricity, according to an International Energy Agency report released Tuesday.
The International Energy Agency (IEA) warned that the risk of energy supply security in South-East Asia had increased faster than the region's ability to provide solutions to meet the rapid growth in electricity demand. In today's Tuesday report, the Agency said that energy demand in the region had risen by about 30% per capita over the past 10 years, with demand growing for [...].
Southeast Asia’s energy security at a crossroads as power demand surges, IEA warns
Philippine Energy Secretary Sharon Garin has said Manila is exploring regional fuel-storage arrangements and could host future storage facilities, Reuters reported.Analysts said stockpiling serves as a buffer when there is a sudden disruption, rather than a long-term solution. “They are … costly to build and maintain, and Southeast Asian countries have very different levels of storage capacity…
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