Stephen O'Sullivan

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Low oil price offers big energy opportunity to Asia

Overview

This was always going to be a challenging year for Asia’s oil & gas industry and the sharp fall in the benchmark crude price in the last seven months has exacerbated those challenges as the industry comes under unexpectedly severe pressure to restructure operations despite the strong medium-term outlook. Asian energy demand growth is almost two-thirds of all global demand growth: the IEA forecasts growth in Asia of more than 50 per cent by 2040, driven by rising GDP and increased...

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