Insight
APAC Energy Buzz: 2021 – cheerful or fearful?
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Report summary
Asia's relatively robust economic performance underpinned commodity price recovery through the end of 2020 after a year of extreme volatility. With vaccine rollouts underway across the region, is this growth set to continue? Wood Mackenzie’s leading analysts across Asia Pacific offer their thinking on how 2021 might shape up for the energy and metals sectors and what to look for in the year ahead.
Table of contents
- Macro environment – it’s all about the jab!
- Oil prices – the world looks to Asia for demand recovery
- Gas and LNG – runaway prices re-defining the market and reducing inventories
- Upstream – greater ambition on net zero, but investment set to stay away (again)
- Power and Renewables – wind and solar growth accelerates, but coal remains resilient
- Iron ore and steel – China, China, China!
- Petchems – drowning in supply
- Thermal coal – cold weather is a boon, but Australian producers still frozen out of China
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