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Potential of Oil Stockpiling at Oil Terminals in Southeast Asia

Potential of Oil Stockpiling at  Oil Terminals in Southeast Asia
Date:
19 October 2018
Category:
Energy
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Oil demand in Southeast Asia has increased by 3% per year since 2000, which is faster than the world average, and regional oil production is struggling to keep up. This has resulted in dependency on oil imports from outside the region, which reached 44% in 2015. Import dependency is expected to be higher in the long term, raising concerns about oil supply security in Southeast Asia. Many Southeast Asian countries have been working on expanding oil stockpiling and introducing government stockpiling. While some countries have significant oil stockpiles, the stockpile in Southeast Asian countries is generally lower than the International Energy Agency (IEA) standard. A joint stockpiling scheme in the region is an even more distant target. This study analyses the current status and future prospects of oil stockpiling in selected Association of Southeast Asian Nations (ASEAN) countries with considerable demand size and geographical proximity – Indonesia, Malaysia, Singapore, and Thailand. This study firstly describes the oil demand, supply, governance, and industry in these four countries. It then examines the current status of oil stockpiling in these countries and analyses various oil stockpiling options for the future.

Full Report 

Full Report

Contents

Cover

Foreword 

Acknowledgements

Table of Contents

List of Project Members

List of Figures

List of Tables

List of Abbreviations 

Executive Summary 

Introductions 

Chapter 1. Oil in Southeast Asia

Chapter 2. Oil Stockpile Options for Southeast Asia

Chapter 3. Summary and Way Forward

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