OVERVIEW

Based on projections set out in the 2010 – 2015 ASEAN Plan of Action for Energy Cooperation, in the upcoming decades ASEAN countries will rely heavily on fossil fuels to meet their energy needs. It is projected that 84.4% the energy needs of ASEAN will be derived from fossil fuels, with the remainder covered by geothermal, hydro, and other sources.

Of that 84.4 %, the single biggest component is oil representing 40.9% in 2005, predicted to reach 41.5% by 2030. The second largest component will be coal, for which the annual growth in supply is estimated to be 6.9%, providing 11.8% of the region’s energy needs in 2005 and predicted to reach 23.7% by 2030. Natural gas supply on the other hand, which contributed 19.2% of the fossil fuel mix in 2005 and is expected to remain about the same in 2030, will likely be surpassed by coal usage due to its slow and steady supply rate of 4% per annum.[1]