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.