BIOFUELS

ASEAN sees biofuels as way of the future

OFFICIALS from the Association of South East Asian Nations (ASEAN) have advocated a move to biofu...

At the association’s annual meeting, high global oil prices forced intensive discussion on the possible effects on future economic development in member nations.

“We accorded high priority to promotion of energy efficiency in the transportation and industrial sectors, as this may be one of the most economical and effective ways to mitigate the adverse impact of higher oil prices,” said an official communiqué from the meeting.

Alternative fuel was a popular topic, with Thailand proud of its recent announcement to have ethanol and biodiesel comprise 10% of domestic fuel by 2012.

Similar plans are underway in Malaysia, the Philippines and Indonesia, with strong moves to integrate advantageous crops such as jatroba into national fuel infrastructures.

The only sticking point of the meeting was discussion of the scrapping of domestic oil subsidies, with most nations unwilling to risk the social backlash for the benefit of reducing oil demand.

Thailand was again strong on promoting subsidy removal, but major consumers Indonesia and Malaysia remained unmovable on their stance of cheap fuel for their populaces.

“Some members are now under a lot of pressure to reduce subsidies, but we do not see an immediate solution because citizens are so used to them,” said ASEAN secretary-general Ong Keng Yong.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry