Gas field projects in Asean highlight region’s climate and energy challenge

SINGAPORE - The approval of up to 19 new gas fields in South-east Asia by 2025 risks the region’s climate goals, a study says, but also underscores the challenge of meeting Asean’s growing needs for energy.

“The proposed new gas exploration run afoul of scientific consensus that no new oil and gas fields can be But while the development of fields risk higher greenhouse gas emissions, the region is also struggling to ratchet up green energy investment to meet the energy needs of its 660 million population.

“It is therefore expected that Asean states will take measures to meet their natural gas demand and minimise the anticipated trade deficit in natural gas by investing in natural gas exploration and development,” Mr Beni, manager of power, fossil fuel, alternative energy and storage at ACE, told The Straits Times.

“South-east Asian countries should be very cautious in expanding gas-consuming sectors given the region’s declining production and the foreseeable need to import LNG ,” said Mr Putra Adhiguna, who leads energy technology research in Asia for the Institute for Energy Economics & Financial Analysis, a US-based think- tank.

Source: Energy Industry News (energyindustrynews.net)

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