Energy Security in ASEAN Region: Its challenges

Abstract

The ASEAN region has been experiencing a robust economic growth in the past decades and the economy is expected to expand further for the next few decades. To satisfy the thirst brought about by the economic growth, primary energy demand in the region is expected tripled its value, mainly due to progress of industrialization and motorization. An increase of energy requirement in the region will necessitate some of the energy demand to be met through imported energy sources. This highly dependency of energy import resources is a signal to policy makers to address the burgeoning concerns of the energy issues in the region. Therefore revising existing and formulating new policies are crucial to improve the energy supply security of the region. This paper looks into the challenges of the energy security in Southeast Asia by identifying the energy gaps challenges on the availability of energy resources and the energy supply and demand projection up to 2050. Finally this paper will discuss on the issues on energy governance in the region for the purpose of enhancing its energy security level.

Prospek Utama Pengembangan Energi Terbarukan Di Negara-Negara ASEAN

“…Indikator ini membantu menentukan kemungkinan mengamankan pasokan energi di kawasan melalui interkoneksi infrastruktur energi yang ada dan yang akan datang. [48].…”

The Effect of Energy Security on Economic Growth in ASEAN During 2000–2020

“…This Journal is licensed under a Creative Commons Attribution 4.0 International License (Sahid et al, 2019). A large part of the energy supply in ASEAN is based on fossil fuels while renewable energy still occupies a small propotion of its share.…”

“…Massive exploration of fossil energy will have an impact on the depletion of these energy reserve sources which then have implications for energy prices (Sahid et al, 2019). Fluctuations in energy prices cause macroeconomic and fiscal instability not only for economies that rely heavily on energy imports but also for major energy exporting countries (Le and Nguyen, 2019).…”

Development and Evaluation of Multistage Evaporative Cooling System

“…primary flow) and recoverable resources (i.e. stock) of materials (Månberge et al 2021, Endang et al 2019, Kumar and Majid 2020. The ASEAN region as a whole is relatively well endowed with various energy resources however the energy resources are not evenly distributed.…”