Asia should prepare for rising energy demand


BANGKOK: The International Energy Agency (IEA) has suggested that member countries of the Association of Southeast Asian countries (ASEAN) cope with their rising energy demand which is expected to increase by 80 percent over the next 22 years, Thai News Agency (TNA) reported.

A joint study by the IEA and Thai Ministry of Energy on world energy outlook   looking into energy demand of IEA's member economies until 2035 found that energy demand in the Asean bloc will be soaring over the next two decades.

According to the study, Asean's overall demand for oil is expected to rise from the current 4.4 million barrels a day to 6.8 million barrels a day, demand for coal is projected to increase by three times and natural gas by up to 80 percent, and carbon dioxide emissions in the region will also increase accordingly.

The IEA said Thailand is at the greatest risk due to the country's reliance on more energy imports, with natural gas and oil imports accounting for 25 percent and 65 percent of domestic consumption respectively.

The IEA said that generation of coal-fired electricity is also expected to reach 700 million megawatts in the region by 2035.

Consumption of renewable energy in Asean will increase to 300 million megawatts, said IEA, but a major obstacle is the construction of power transmission grids to support electricity generated with renewable energy.

The IEA recommended that Asean governments cope with the situation by reducing energy price subsidies, develop energy networks including Asean grids and pipelines, and increase efficiency in energy consumption in their respective countries. --BERNAMA

Related Articles

Leave Your Comment

Leave Your Comment:

New Straits Times reserves the right not to publish offensive or abusive comments and those of hate speech, harassment, commercial promos and invasion of privacy. Your IP will be logged and may be used to prevent further submission.The views expressed here are that of the members of the public and unless specifically stated are not those of NST.