Singapore: Southeast Asia's net oil imports will more than double by 2035, according to a new report from the International Energy Agency (IEA).
The IEA said Southeast Asia's net oil imports will rise to more than 5m barrels per day (bpd), up from a current 1.9m bpd, just behind the European Union, India and China.
"Southeast Asia faces sharply increasing reliance on oil imports, which will impose high costs and leave it more vulnerable to potential disruptions," the IEA said in a release about its special report, Southeast Asia Energy Outlook.
Indonesia and Thailand will top the list for oil demand.
Coal, meanwhile, will generate nearly 50% of Southeast Asia's electricity by 2035, up from less than a third today, the IEA said.
For natural gas, the region's demand will increase by 80% to 250bn cu m by 2035, the IEA said. [03/10/13]