From Oil to Renewables: CAPEX In Southeast Asia’s Energy Landscape

In this episode of Enterprise Explores, we delve into Southeast Asia's evolving oil and gas sector, focusing on the critical role National Oil Companies (NOCs) play in driving capital expenditure (capex) growth. According to BMI’s latest report, NOCs in the region are projected to lead the charge in the capex push from US$130 billion in 2023 to US$136.4 billion in 2024, which includes capex on the traditional oil and gas sector but also renewables and low-carbon energy projects.

Joining us is San Naing, Senior Oil & Gas Analyst at BMI, who provides insights into the strategic priorities of Southeast Asia’s NOCs, the key drivers behind this surge in investment, and what it means for the region’s broader energy market.

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