The ASEAN energy scene in global perspective
Reviews the energy plans and prospects of Indonesia, Malaysia, the Philippines, Singapore, and Thailand. Despite the availability of coal and hydropower in all ASEAN countries except Singapore, they all depend at present on domestic or imported oil. Demand for energy had been growing at a rate of up to 14 percent annually. They have only begun to study their energy problems and create institutional frameworks for development and management. ASEAN could be self-sufficient in energy production in the future, but this would require common resource management policies that are probably beyond its capacity. Nevertheless the pooling of energy resources is an option to be studied carefully. The author forecasts that ASEAN countries will have to import increasing amounts of energy from outside the region, and pay for it with exports of other natural resources. This necessitates an international economic system not paralyzed by protectionism, inflation, or currency fluctuations.