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Southeast Asia Energy Outlook 2026 Energy in Southeast Asia
…is becoming an increasingly important part of the global energy system. The region accounts for 9% of the world’s population and 4% of its GDP. Energy use has risen sharply since 2015, supported by industrialisation, urbanisation, rising incomes and expanding mobility needs. This growth has helped underpin economic development and wider access to modern energy, but it has also increased exposure to global fuel markets and added to emissions. The current Middle East crisis has tested Southeast Asia’s energy security and affordability, exposing the limits of short-term responses. The region was heavily exposed to Middle Eastern supply…
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Gas Market Report, Q2-2026 Executive summary
…fundamentals in international natural gas markets in early 2026 was abruptly disrupted by the de facto closure of the Strait of Hormuz at the beginning of March, which has created unprecedented uncertainty.The crisis has profoundly distorted short-term market fundamentals and is altering the medium-term outlook for natural gas. The loss, for the time being, of almost 20% of global LNG supply has caused strong price volatility, driving up natural gas prices in both Asia and Europe to their highest levels since the 2022/23 energy crisis and prompting an adjustment in natural gas demand. In the Middle East…
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Sheltering From Oil Shocks Introduction and context
The conflict in the Middle East has created the largest supply disruption in the history of the global oil market. The volume of fuel supply offline now is higher than the supply loss during the oil shock of 1973 that led to the IEA’s creation and any disruption since then. Beyond the direct damage to energy infrastructure in the region, the crisis has led to a near halt in tanker movements through the Strait of Hormuz. Crude and oil product flows through the Strait have fallen from around 20 million barrels per day (mb/d) before the conflict to…
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Global Methane Tracker 2026 Key findings
…in the Middle East is reshaping the global energy system and disrupting around 20% of global liquefied natural gas (LNG) trade flows (around 110 bcm of gas passed through the Strait of Hormuz in 2025). As countries seek alternative sources of gas to replace lost volumes, it is worth noting that large quantities of produced gas are not being put to productive use, owing to methane leaks, and flaring and venting from oil and gas operations. While not all of this waste can be recovered, reducing flaring and methane emissions has the potential to bring significant additional volumes to market.We…
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Southeast Asia Energy Outlook 2026 Executive summary
…policy settings. The disruption in global fuel markets has exposed deep structural vulnerabilities linked to import dependence, limited diversification and concentrated supply routes. Before the crisis, around 60% of Southeast Asia’s imports of crude oil and a third of its imports of gas were coming from the Middle East, while 45% of its oil product supply were dependent on Middle Eastern crude. The resulting price shock is already feeding through to higher energy bills, inflation and mounting economic risk. The crisis is prompting a reassessment of policy and investment strategies amid a strong prioritisation of energy security. The exploratory…
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Household Energy Affordability Executive summary
…prices rise by around 5% in 2025, though they remain well below prices in Europe and other importing regions.The prices paid by households for energy vary widely from country-to-country, reflecting not just the cost of supply but also various additional levies, taxes and subsidies. For gasoline, taxes can account for as much as 70% of the final price charged to consumers, as is the case in some countries in Europe. It can also be subsidised and delivered at prices below market value, as in many parts of the Middle East. Electricity is generally subject to less tax…
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Global Energy Review 2025 Natural gas
…North America, fast-growing Asian markets and Eurasia were partially offset by lower gas-fired power generation in Europe. Extreme weather conditions, particularly heat waves in China, India and the United States, contributed to higher gas burn in the power sector in 2024. Extreme temperatures alone accounted for around one-fifth of the increase in global natural gas demand. Natural gas demand in the residential and commercial building sectors grew by around 1% in 2024.Natural gas continued to displace oil and oil products in various sectors, supported by policies, regulations and market dynamics. In the Middle East, oil-to…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 3 pages
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World Energy Employment 2024 Executive summary
…growth, while in the Middle East fossil fuels accounted for 80% of the gains. Clean energy remains the primary engine of job growth All clean energy segments expanded in 2023, with overall year-on-year growth of 4.6%. Solar PV continued to lead clean energy employment growth in 2023, adding over half a million jobs as the sector once again surpassed expectations for new installations. While persistent, growth in other sectors was tempered by various complications. Employment in electric vehicle (EV) manufacturing and batteries grew by 410 000 as firms positioned themselves to capture more of the growing market…
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Global Energy and Climate Model Techno-economic inputs
…the remaining technical recoverable resources of fossil fuels remain similar to those in the World Energy Outlook 2024. All fuels are at a level sufficient to meet the projections of global energy demand growth to 2050 in all scenarios. Remaining technically recoverable resources of US tight oil (crude plus condensate) total more than 210 billion barrels. Natural gas resource numbers remain broadly similar to those of last year. Most of the remaining technically recoverable resources lie in the Eurasia, the Middle East and the United States.World coal resources are made up of various types of coal: around 80% is steam…
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Global Energy Review 2026 Electricity demand
…than twice as fast as overall energy demand Global electricity demand grew year-on-year by around 3% in 2025, easing from 4.4% in 2024, when intense heat waves boosted electricity consumption. Nevertheless, the 2025 growth rate remained above the 2.8% annual average observed between 2014 and 2024 and was also well over twice the rate of overall global energy demand growth in 2025 (1.3%). Demand growth was well above long-term average rates in advanced economies, but slowed in Asian economies In 2025, emerging market and developing economies accounted for 80% of global electricity demand growth…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
