Why to Participate

Unlocking Southeast Asia’s Energy Boom

The oil and gas industry in Southeast Asia is entering a transformative period, poised for substantial growth driven by a range of factors, including a strategic shift from coal to natural gas, robust energy demand, and significant recent discoveries. 

Strategic Shift from Coal to Natural Gas

Southeast Asia is experiencing a major energy transition characterized by a shift from coal to natural gas. This transition is primarily driven by the urgent need to meet rising energy demand while addressing environmental sustainability goals. As the region undergoes rapid industrialization and population growth, energy demand is expected to continue climbing, with gas demand predicted to peak around 2040.

Offshore Gas Boom and Future Investments

The offshore gas sector in Southeast Asia is on the verge of a significant boom, with investments forecasted to reach $100 billion by 2028—more than doubling the $45 billion in developments approved between 2014 and 2023. This growth is fueled by planned final investment decisions (FIDs) and deepwater projects, particularly in Malaysia and Indonesia. Recent successful discoveries in these countries have sparked significant international interest, driving a wave of investment and positioning Southeast Asia as a key player in the global energy market.

Enhancing Energy Security and Sustainability

Countries in Southeast Asia are increasingly focusing on maximizing domestic resources to reduce reliance on imports and strengthen regional energy security. A critical development in this regard is the emergence of carbon capture and storage (CCS) hubs, which could be transformative for the region. Due to the high carbon dioxide content in many upcoming offshore projects, CCS technology is essential for securing financing and meeting regulatory standards. This innovation is expected to play a pivotal role in reducing emissions and fostering sustainable development in the energy sector.

Pipeline Potential in Southeast Asia

The rapid growth of the oil and gas sector in Southeast Asia underscores the urgent need for robust infrastructure to develop and transport these resources efficiently and sustainably. As countries in the region ramp up their exploration and production activities and attract substantial international investments, the demand for pipeline infrastructure is set to grow significantly. The region's shift from coal to natural gas, combined with its vast growth potential, positions Southeast Asia as a critical market for pipeline technology and development, offering significant opportunities that are unmatched by more mature markets.