Asia Fuel Importers Face Years of Geopolitical Flux as Fossil Fuels Still Supply 90%
Updated
Updated · Bloomberg · Jul 24
Asia Fuel Importers Face Years of Geopolitical Flux as Fossil Fuels Still Supply 90%
3 articles · Updated · Bloomberg · Jul 24
Summary
Asia’s fuel-importing economies are expected to remain exposed to geopolitical swings in energy supply for years, with fossil-fuel dependence still dominating the region’s energy mix.
About 90% of Asia’s primary energy use comes from oil, gas and coal, leaving importers vulnerable to global disruptions and price volatility.
Rising energy demand and a lack of major new fuel discoveries are likely to keep the region reliant on overseas supplies, according to Vanda Insights founder Vandana Hari.
That dependence suggests Asia’s energy security risks will persist for decades unless the region materially reduces its reliance on imported fossil fuels.