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South-Eastern Asia coal, gas and power: 2015 in review and what to look for in 2016
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Report summary
Regional governments were actively making plans in the energy sector in 2015. There were revisions to the oil and gas laws in Indonesia, full market liberalisation in Thailand, renationalisation of upstream assets in Vietnam and developing plans to establish a secondary natural gas trading market in Singapore. For many markets, 2016 will be a big year. Numerous major power projects are due to commence construction. In particular, Indonesia will be looking to make progress on its massive 35 GW programme. Regional governments' weak COP21 commitments suggest coal will continue to play the major role in new capacity build. In terms of LNG, we'll be watching for potential further delays to Singapore's second aggregator announcement in addition to progress on new regasification terminals in Indonesia.
Table of contents
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Executive summary
- What to watch
- Coal consumption to increase despite COP21 commitments
- Indonesia
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Thailand
- 2015 power development plan (PDP) prioritises stable power tariffs
- LNG to grow as Thailand prepares for falling piped gas supplies
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Malaysia
- Weak ringgit and low oil prices affect South-Eastern Asia's only net-exporter of oil
- First majority foreign investment in the power sector
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Singapore
- Potential for further delays to the LNG aggregator appointment
- Establishing a secondary natural gas trading market
- Cheaper LNG and piped gas supply and increased capacity led to decreased power prices
- PowerGas' South-North transmission pipeline is expected to be constructed
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Vietnam
- PetroVietnam's acquisition of Chevron's assets may accelerate gas reserves development, but price still favours coal
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Philippines
- Gas plants come without power supply agreements
- Upcoming election could bring fuel mix policy changes
Tables and charts
This report includes 7 images and tables including:
- South-Eastern Asia coal, gas and power: 2015 in review and what to look for in 2016: Image 1
- Greenhouse gas reduction targets
- 2015 fuel mix in power generation by country
- South-Eastern Asia coal, gas and power: 2015 in review and what to look for in 2016: Table 3
- Upside to Thailand's gas demand
- Singapore monthly gas prices
- Map of Philippines' energy infrastructure
What's included
This report contains:
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