Southeast Asian national oil companies (NOCs) and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives. Rystad Energy's analysis reveals a consistent commitment to these initiatives in the years to come, with investments set to exceed $76 billion from 2023 to 2025.
The upward trend is set to continue, with a projected total outlay of $119 billion by the end of 2027. This expenditure will be driven by investments in wind, solar and geothermal projects. Regional NOCs like Indonesia’s…Southeast Asia's $76 Billion Green Energy Push
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