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IEA forecasts steep rise in Southeast Asian crude demand, oil import bill

Posted on 03 October 2013

The International Energy Agency expects Southeast Asia’s crude oil demand to rise by over 50% in the next 20 years, resulting in a tripling of its oil import bill to some $240 billion by 2035.
In its Southeast Asia Energy Outlook report released Wednesday, the IEA said that oil demand in the region — which covers the 10 member countries in the Association of Southeast Asian Nations — is now at 4.4 million b/d, accounting for 37% of the primary energy mix. This is expected to rise to 5.4 million b/d in 2020 and will hit 6.8 million b/d by 2035, representing almost one-fifth of the growth in global demand, the IEA said………………………………………..Full Article: Source


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