Offshore gas production in Southeast Asia is set to unlock a $100bn potential, driven by several planned final investment decisions expected to materialise by 2028, according to Rystad Energy’s latest analysis.
This represents more than a twofold increase over the $45bn worth of developments that reached FID from 2014 to 2023 and is pointing towards a surge for the region’s offshore gas industry.
Oil and gas majors are expected to drive 25% of these planned investments through 2028, while national oil companies will account for a 31% share. Rystad noted that East…
