ExpresSo NB’s Post

Key Takeaways from Dr. Kongkrapan Intarajang's Speech on ASEAN Energy Transition at the ASEAN Economic Outlook 2025 Forum: - Sustainable Energy Transition: CEO of PTT Public Company Limited, emphasized the crucial link between transitioning to cleaner energy and achieving sustainability across society, the economy, and the environment. - ASEAN's Economic Potential: With nearly 700 million people and contributing 6% of global GDP, ASEAN offers immense economic opportunities. The region's growing workforce and investment appeal underscore the need for a smooth transition to clean energy. - Current Energy Landscape: While renewable energy is rising, challenges persist with natural gas, oil, and coal. The decline of coal and oil due to high emissions makes natural gas essential for countries like Thailand, Malaysia, Indonesia, and Myanmar. - Gas Dependency: Southeast Asia relies heavily on natural gas, with Thailand sourcing 50% from the Gulf of Thailand and importing the rest. A gradual transition to renewable energy sources like solar and wind is necessary. - Collaborative Resource Management: The Thai government is negotiating resource management in overlapping claims areas, leveraging past agreements with Malaysia to optimize resource use despite territorial challenges. - Carbon Emissions Reduction: PTT is committed to reducing emissions through Carbon Capture and Storage (CCS) and hydrogen integration into industrial fuel mixes. - Net Zero Commitment by 2050: PTT aims for net-zero emissions by 2050, focusing on climate resilience, carbon-conscious asset optimization, and reforestation efforts. Dr. Kongkrapan's insights reflect PTT's proactive stance in navigating energy transition complexities while balancing economic growth and environmental sustainability in ASEAN. Join the conversation on sustainable energy solutions! Share your ideas on driving the energy transition in ASEAN towards a sustainable future! #ASEAN #EnergyTransition #Sustainability #CleanEnergy #CarbonCapture #NetZero #ASEANEconomicOutlook2025 #ExpresSo

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics