Related Articles
Forward article link
Share PDF with colleagues

Fuelling Asia’s drivers as car ownership soars

Subsidies and weak policy mean Asia’s rising economies will dominate demand growth for transport fuels

The Asia-Pacific region will see the strongest growth in energy demand from transportation compared to any other part of the world over the next decades as its economies continue to boom and car-ownership numbers soar.  From 1990 to 2010, energy demand from Asia-Pacific’s transport sector rose from 1.87 billion to 4.42bn barrels of oil equivalent (boe), data from ExxonMobil show. And this number is forecast to double, with almost 60% of the expansion driven by light and heavy-duty vehicles, hitting 9bn boe by 2040. Gasoline and diesel will fuel most of these vehicles, a trend that is set to continue as oil at the pump remains relatively cheap in Asia. Huge government subsidies, costing bill

Also in this section
The future is supercharged
11 August 2017
Electric vehicles are increasingly central to government policy and car manufacturers' plans alike. What does their uptake mean for the energy sector?
Uganda-Tanzanian pipe dream
10 August 2017
The Uganda-Tanzania oil pipeline route is close to becoming a reality. Kenya will have to go it alone
Maputo takes the plunge, Dar looks on
10 August 2017
Mozambique and Tanzania both have gas reserves likely to support extensive LNG exports, but only one of them is truly committed to exploiting them—at least for now