Asean power grid and Trans-Asean gas pipeline offer great opportunities

Oct 05, 1999 02:00 AM

The proposed mammoth Trans-Asean energy networks, namely the Asean power grid and Trans-Asean gas pipeline offer great opportunities for profitable investment, said Asean secretary general Rodolfo C. Severino.
Speaking at the Asean Council on Petroleum (Ascope) Forum on Trans-Asean Gas Pipeline and Power Grids, he added the construction and operation of the Trans-Asean energy networks would also stimulate economic activity in the region. "Infrastructure facilities in transport, communications and energy are the lifeblood and nervous system of an integrated regional economy. They make trade in goods and services and capital flows possible and easier," said Severino.
The Asean heads of government had in Dec last year, decided to accelerate the realisation of Trans-Asean energy networks which aims to establish 14 power interconnection projects to be developed to form the bulk of the regional grid. In addition to the 5,565 km already built in Asean, some 7,000 km of gas pipelines are being planned in anticipation of the expected demand for natural gas of between 38 and 69 bn cm annually by 2020.
Severino added Asean's vast resources of oil and gas, which saw the region contributing about 4 % and consuming some 2.5 % of the world's energy production in 1996, reaffirmed the region's energy security as "a core of the concerns of Asean".

Asean has proven reserves of 22 bn barrel, 227 tcf of natural gas, 46 bn tonnes of coal, 234 Gigawatts hydropower and 20 Gigawatts of geothermal capacity.

Source: AFP via Iinoil
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