Iran war is a ‘wake-up call’ for Southeast Asia’s energy sector, IEA report says
The IEA says Southeast Asia could face a $245 billion import bill by 2035 unless it diversifies energy supplies and cuts fossil fuel dependence.
- On Tuesday, the International Energy Agency released a report warning that the war in Iran exposed Southeast Asia's dangerous overreliance on energy shipments through the Strait of Hormuz, calling it a "stark wake-up call" for regional energy security.
- Without rapid diversification, Southeast Asia's energy import bill could surge to $245 billion by 2035, tripling from the $80 billion recorded in 2024, as the conflict forced the region into a state of energy triage.
- Last month, Laos banned fuel-powered vehicle imports to encourage the transition to EVs, while consumers drove electric vehicle sales to double in 2025 to around half a million units regionally.
- In the Philippines, consumers turned to rooftop solar at record rates to manage utility bills, while Indonesia, Vietnam, and the Philippines explore nuclear power despite uncertain construction timelines and regulatory processes.
- Despite the tentative Iran deal, high fossil fuel prices will persist, meaning "we will see a push towards more ambitious clean energy deployment," said Sam Reynolds with the Institute for Energy Economics and Financial Analysis.
32 Articles
32 Articles
The Iran war exposed Southeast Asia's energy vulnerability. Now its import bill could triple to $245 billion
The Iran war has exposed major risks for Southeast Asia that could cost the region billions of dollars, if it doesn’t diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday. An overreliance on oil and gas transported through the Strait of Hormuz left the region particularly vulnerable to shocks from the Iran war, a “stark wake-up call” for its energy security, the report says. It notes that …
IEA warns Southeast Asia faces soaring energy costs after war-related disruptions
IEA warns Southeast Asia faces soaring energy costs after war-related disruptions Southeast Asian countries could face sharply rising energy costs unless they accelerate efforts to diversify their energy supplies, according to a new report released on Tuesday by the International Energy Agency (IEA). The report says disruptions linked to the US-Israeli war on Iran, including the closure of the Strait of Hormuz, triggered an energy shock across …
Iran war is a wake-up call for Southeast Asia’s energy sector, IEA report says
The Iran war has exposed major risks for Southeast Asia that could cost the region billions of dollars, if it doesn't diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday.
Paralysing in Ormuz led to "a shortage of petrochemical raw materials and liquefied petroleum gas." Energy import bill from Southeast Asia is expected to reach 59 billion this year.
Iran war is a 'wake-up call' for Southeast Asia's energy sector, says report
The war in Iran has exposed major risks for Southeast Asia that could cost the region many billions of dollars if it does not diversify sources of energy more quickly, according to an International Energy Agency report released on Tuesday.
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