Sources mainly from “Energy Indicators of Developing Member Countries of ADB” and from the conference “Megatrends the Asia-Pacific Energy Outlook Toward 2000”, Oct 1990, Jakarta. This paper presents the story on energy in ASEAN: energy resources, energy demand versus elasticity, how to cope with the energy demand, and an outlook into the 21st century. Energy Resources The ASEAN region is rich in hydrocarbon resources. Brunei, Indonesia and Malaysia have made the region the world’s leader in LNG trade as a natural gas is more evenly distributed in the region that oil reserves. In 1987, ASEAN produced 2.1 billion b/d of oil and 8.0 Bcfd of natural gas. This is equivalent to 36% of oil and 61% of gas produced in the Asia-Pacific region whose total daily oil production is about 11% of the World’s production. Singapore is the only ASEAN member country without hydrocarbon resources. Her strategic position in the oil and gas trade routes from the Asian-Pacific region has turned her into the world’s third largest refining centre including the storage, transport and distribution of petroleum products. This position however, is rapidly changing as Indonesia and Malaysia have stepped up their refining capacities and due to the intense competition from the Middle-East as well. Brunei, Indonesia and Malaysia are major oil and gas exporters in ASEAN, with Thailand, Philippines and Singapore heavily dependent on imports.
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