Asia may need to invest $1 trillion a year in energy for the next 15 years to avoid another shock, per McKinsey. The Hormuz closure hit Asia hardest: 80% of the strait's oil and 90% of its gas went there. #Asia#EnergySecurity#Hormuz#LNG
Japan's trade minister urged Asian countries to boost oil stockpiles and infrastructure as energy security overtakes the shift from oil and gas. Japan aims to bridge Middle East producers and Asian importers. #Oil#EnergySecurity#Asia#Japan
Mexico's push to hit its oil and gas output targets would need about $160B in capex, including nearly $110B from Pemex, an IISD report says, while uncommercial fields could lose $17.4B over 15 years. #Mexico#Pemex#OilAndGas#EnergySecurity
Southeast Asia's clean power push is hitting a grid wall. Bain finds 50-60% of renewable projects in Vietnam, Thailand and Indonesia were cancelled or stalled in 2021-2025, while 100+ TWh of new demand is due by 2030. #ASEAN#EnergySecurity#Grid
The Iran war is pushing countries toward clean energy as Hormuz disruptions expose fossil fuel risks. Over 30 governments have enacted transition or efficiency policies, per an IEA tracker. #CleanEnergy#Hormuz#OilMarkets#EnergySecurity
