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Executive Director meets with Prime Minister of Australia to discuss urgent energy challenges facing Asia-Pacific region
…of Parliament House IEA Executive Director Fatih Birol met today with Prime Minister Anthony Albanese of Australia and other senior government figures in Canberra to discuss the significant energy market challenges facing the Asia-Pacific region due to the war in the Middle East, as well as measures that could help ease pressures on consumers. The effective closure of the Strait of Hormuz amid the conflict has slowed a significant portion of the world’s oil and gas flows to a trickle. While the consequences are global, the pain is currently being felt most acutely across the Asia-Pacific region…
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Strait of Hormuz crisis reinforces need for Southeast Asia to tackle major energy vulnerabilities
…pre-crisis trajectory, the report finds it will be equally important to address the deeper energy system vulnerabilities the crisis has laid bare. Southeast Asia’s energy import bill is projected to reach $160 billion this year. It is set to increase further in the decades ahead, potentially rising to $400 billion, or 5% of its economy, by mid-century based on current policy settings.“Southeast Asia is a crucial region shaping global energy trends and set to account for 20% of the growth in the world’s energy demand over the next decade, second only to India. The energy…
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Executive Director meets with Prime Minister of Japan to discuss energy security amid war in Middle East
…and gas flows through the Strait of Hormuz dwindling to a trickle amid the current conflict. While the consequences are global, the impacts are currently being felt most acutely across the Asia-Pacific region, which is the destination for the vast majority of fuel exports from the Middle East via the Strait.The Prime Minister expressed her gratitude to Dr Birol for his longstanding support and advice for Japan’s energy policy making – and for the IEA’s expanding work on critical minerals supply security. They agreed that Japan and the IEA would continue to work together closely to emerge…
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Singapore and IEA mark 10 years of regional energy cooperation to advance ASEAN Power Grid vision
…21 to 22 May 2026 in Singapore. The programme focuses on strengthening regional power connectivity through subsea interconnections and cross-border renewable energy certificates (RECs) trade to support the energy security and decarbonisation goals of the Association of Southeast Asian Nations (ASEAN).The training programme brought together more than 160 policymakers, regulators, and industry stakeholders from 23 countries across the Asia-Pacific region to discuss how regional power interconnections can strengthen energy security and support cross-border electricity trade. Representatives from the ASEAN Centre for Energy, Australian Energy Regulator and private sector players shared insights on technical frameworks, regulatory policies…
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Close to 30% of cars sold this year are set to be electric as countries and consumers respond to energy crisis
…sales.Following policy changes in China and the United States, global sales of electric cars in the first quarter of 2026 fell by 8% compared with the same period in 2025. However, this overall decline masked strong sales growth in many other countries and regions. In Europe, sales increased by close to 30% year-on-year; in the Asia Pacific region excluding China, sales jumped by 80%; and in Latin America, they were up by 75%. In March, close to 90 countries around the world logged year-on-year sales growth, with around 30 of them registering record-breaking monthly…
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How global oil supplies have readjusted to help fill the huge gap left by the Strait of Hormuz shock
…of responses by oil producers, refiners and consumers to adapt to the radically changed market conditions. Many consumers have scaled back their energy use and governments have taken steps to shelter households and businesses from the impacts, especially in the Asia-Pacific region where the effects have been felt most acutely. The IEA’s flagship Oil Market Report now estimates that global oil demand will drop by almost 5 million barrels per day in the second quarter of 2026 year-on-year, and by 1.1 million barrels per day on average for the full year. That compares with the…
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Regional Training Programme on Connecting ASEAN: Advancing Energy Security through Subsea Interconnection Power Trade
…tariff treatment, risk management, and maintenance and operational coordination to ensure reliability over the asset life cycle.Enabling cross-border Renewable Energy Certificate (REC) trade: examining the building blocks of credible REC systems and regional interoperability such as alignment with national policies and targets, buyer requirements, and safeguards against double counting while sharing best practices and lessons learned from existing REC approaches.The primary objective of the training is to facilitate dialogue and knowledge sharing between energy policymakers, regulatory authorities and industry professionals from across Southeast Asia and beyond, fostering stronger collaboration on power sector connectivity and regional electricity trade.
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Financing the ASEAN Power Grid
Background information The Association of Southeast Asian Nations (ASEAN) has a long history of electricity system connectivity, and the development of the ASEAN Power Grid (APG) is central to achieving a secure, affordable and sustainable energy transition across the region. Delivering the APG will require a significant step‑change in investment over the coming 15 years, and unlocking financing from a diverse range of sources will be essential for this to happen. Yet financing approaches and business models have not evolved at the pace required to support an increasingly ambitious and complex pipeline of interconnector projects.The IEA’s report on…
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Southeast Asia Energy Outlook 2026
Background information The Southeast Asia Energy Outlook 2026, the seventh edition of this special report, provides a comprehensive assessment of the latest energy developments across the region, as well as updated projections for the coming decades. Coming just two years after the IEA’s previous Southeast Asia Energy Outlook, it highlights the dynamism of energy trends across the eleven countries that make up the Association of Southeast Asian Nations (ASEAN) – Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic (Lao PDR), Malaysia, Myanmar, the Philippines, Singapore, Thailand, Timor-Leste and Viet Nam.As energy security concerns move ever higher on…
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New podcast episode explores energy crisis impacts in Southeast Asia
The latest episode of the IEA’s Everything Energy podcast examines how the energy crisis stemming from the war in the Middle East is affecting people across Southeast Asia – a region that has been hit particularly hard from an energy perspective by the near closure of the Strait of Hormuz.Now available on Apple Podcasts and Spotify, the episode features Sue-Ern Tan, Head of the IEA’s Regional Cooperation Centre in Singapore. She explains why countries in Southeast Asia are especially exposed to current energy supply disruptions, how price increases and fuel shortages are already affecting daily life, and the steps governments are taking to…