Southeast Asia's offshore gas industry is poised for a $100 billion boom by 2028, driven by planned investments, deepwater projects, and CCS advancements.
Offshore gas production in Southeast Asia is poised to unlock a $100 billion potential, driven by a flurry of planned final investment decisions FIDs expected to materialize by 2028, according to Rystad Energy ’s latest analysis. This represents a more than twofold increase over the $45 billion worth of developments that reached FID from 2014 to 2023 and signals a surge for the region’s offshore gas industry.
Recent discoveries and the involvement of NOCs will play a vital role in this growth, particularly in deepwater developments, which are pivotal in determining how much of this anticipated $100 billion boom can be realized, Prateek Pandey, Vice President of Upstream Research, Rystad Energy Learn more with Rystad Energy’s Upstream Solution.
Offshore Gas Southeast Asia Rystad Energy Energy Security Natural Gas Carbon Capture And Storage Deepwater Development Indonesia Malaysia
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