Energy security concerns amid geopolitical tensions to drive USD 5.5 trillion investment cycle in Asia: Morgan Stanley
New Delhi, June 25 -- Rising energy security concerns triggered by geopolitical tensions and supply disruptions are set to drive a massive USD 5.5 trillion investment cycle across Asia over the next five years, as governments and companies seek to reduce dependence on energy imports and strengthen domestic supply chains, according to a Morgan Stanley report.
The report said the planned investments could help lower Asia's energy imports from 36 per cent of total consumption to 29 per cent by 2030, marking a significant shift in the region's energy strategy.
Asia currently consumes as much energy as the rest of the world combined but produces only about one-third of its requirements domestically, creating a structural supply imbalance tha...
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