ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Ryoichi KomiyamaSubscribe to Ryoichi Komiyama

Asian Energy Outlook up to 2020

With booming economic growth, Asia will play an increasingly important role in global economic and energy matters. World primary energy consumption is projected to expand at an average annual growth rate of 2.1 per cent by 2020. About 70 per cent of the increase would be accounted for by non-OECD member economies, two-thirds of which are from the Asian region. The increase in demand for oil in Asia will most likely amplify the dependency on shipments from other regions (particularly west Asia). Ensuring energy security would therefore turn out to be a vital task. In east Asia, particularly, the achievement of the 'three Es' (economic development, energy security, and environmental preservation) can no longer be viewed as a task to be addressed by each country separately. Instead, it should be approached through region-wide cooperation - a goal of common interest.
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