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EIC Market Intelligence
Power demand in Asia Pacific is expected to grow, driven by data centres, industrial activity, EV adoption and wider economic development. While the region continues to rely heavily on fossil fuels, renewable energy capacity is expanding. At a time when energy security remains a priority, operators and developers continue to focus on oil and gas while reducing emissions and advancing new low-carbon solutions.
Across the region, EICDataStream is tracking 273 upstream oil and gas projects, 245 offshore wind projects, 85 carbon capture projects and 237 hydrogen developments, highlighting the scale of opportunities emerging across the energy value chain. However, while the opportunity is significant, sectors such as offshore wind, hydrogen and carbon capture will require stronger policy support, infrastructure development and supply chain collaboration to move more projects from early-stage planning into execution.