Petronas: Responding to Asia's Energy Demands

The energy market of Asia is in the process of growth stimulated by the increase in the level of industrialization, urbanization, and population growth. There is a rise in energy demand in the Asian countries such as China, India, and countries in South East Asia which is compelling the providers to provide economical, reliable and sustainable energy. The extensive use of coal and oil as the main sources of energy hinders the realization of carbon reduction goals while unstable global fuel prices exert economic pressure. Moreover, the disparities of energy infrastructure from one country to the other make it challenging to upgrade and embrace new renewable energy sources. As customers, industries and governments face the challenge of achieving growth for their economies while being conscious of the environmental implications, and at the same time ensure that adequate energy supplies can be made available to support development.