Latest news with #EnergyAsiaConference
CNA
8 hours ago
- Business
- CNA
Asia's push towards renewables driven by necessity to diversify beyond fossil fuels
According to the International Energy Agency, electricity demand in Southeast Asia jumped more than 7% in 2024 and is set to keep rising around 4% to 5% annually. China's power use grew about 7% last year and is forecast to climb roughly 6% per year through 2027. That makes it imperative for Asia to scale renewables to cover more than a third of new demand by 2035, even as the region diversifies beyond gas and coal. Roland Lim reports from the Energy Asia conference in Kuala Lumpur.
Business Recorder
2 days ago
- Business
- Business Recorder
Oil and gas important in times of conflict, Saudi Aramco CEO says
KUALA LUMPUR: The importance of oil and gas can't be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco told an energy conference on Monday. Aramco CEO Amin Nasser delivered his speech to the Energy Asia Conference in Kuala Lumpur by a video link. Saudi Aramco considers asset sales to free up funds, sources say Oil prices jumped last week after Israel launched strikes against Iran on Friday that it said were to prevent Tehran from building an atomic weapon. The fighting intensified over the weekend.
New Straits Times
2 days ago
- Business
- New Straits Times
Oil and gas important in times of conflict, Saudi Aramco CEO says
KUALA LUMPUR: The importance of oil and gas can't be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco told an energy conference on Monday. Aramco CEO Amin Nasser delivered his speech to the Energy Asia Conference in Kuala Lumpur by a video link. Oil prices jumped last week after Israel launched strikes against Iran on Friday that it said were to prevent Tehran from building an atomic weapon. The fighting intensified over the weekend. "(History has) shown us that when conflicts occur, the importance of oil and gas can't be understated," Nasser said. "We are witnessing this in real time, with threats to energy security continuing to cause global concern," he said, without directly mentioning the fighting between Israel and Iran. Nasser also said that experience had shown that new energy sources don't replace the old, but added to the mix. He said the transition to net-zero emissions could cost up to US$200 trillion, and renewable sources were not meeting current demand. "As a result, energy security and affordability have at last joined sustainability as the transition's central goals," he said. Aramco is the economic backbone of Saudi Arabia, generating a bulk of the kingdom's revenue through oil exports and funding its ambitious Vision 2030 diversification drive.
Time of India
2 days ago
- Business
- Time of India
Oil and gas important in times of conflict, Saudi Aramco CEO says
Kuala Lumpur: The importance of oil and gas can't be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco told an energy conference on Monday. Aramco CEO Amin Nasser delivered his speech to the Energy Asia Conference in Kuala Lumpur by a video link. Oil prices jumped last week after Israel launched strikes against Iran on Friday that it said were to prevent Tehran from building an atomic weapon. The fighting intensified over the weekend.
