South East Asia

Energy policies united by the pursuit of economic growth

Transforming into a net-importer of LNG

  • Energy demand, especially from space-cooling and appliances, will grow before levelling off towards 2050. 
  • Electricity expands to 41% of final energy demand during the forecast period, with strong contributions from solar PV and offshore wind. 
  • Manufactured goods production triples to 2050, driving demand for natural gas and transforming this region into a net-importer of LNG.

South East Asia 2050 electricity mix

South East Asia’s final energy demand will continue to grow over the coming decades, starting to level off towards the end of the forecast period. The largest increase in energy demand will come from buildings,associated with population growth and an increase in income per capita, leading to greater demand for space cooling and appliances. There will also be growth in the energy demand from transport and manufacturing.

Oil is currently the region’s largest energy carrier and it will remain relatively stable over the forecast period. Towards 2030, coal and natural gas will see the largest growth, mainly driven by growth in the manufacturing and power sectors. Beyond 2030, natural gas will out compete coal in the manufacturing industry, with both coal and natural gas challenged by growing renewables in the power sector. Solar PV and wind will both see strong growth towards the end of the forecast period, but the fossil-fuel share remains high, at 63% in 2050.