A powerhouse regional oil and gas producer, Brunei Darussalam has benefited significantly from a long history of hydrocarbons production in partnership with international oil companies. The energy sector continues to dominate the economy today, accounting for the majority of government revenues, GDP and exports. However, the sector is facing a host of concurrent challenges – production at...
Brunei Darussalam Energy
Commanding the second-highest GDP per capita of all ASEAN nations, at $40,979 in 2014, Brunei Darussalam remains one of the most advanced economies in the South-east Asian region. This is in large part due to the Sultanate’s well-developed energy sector; however, with oil and gas prices falling substantially from mid-2014, new efforts are being made to increase the efficiency of production and diversify the economy to ensure future stability and sustainability.
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A rising tide of new investments are expected to underpin growth in Brunei Darussalam’s recovering energy industry, against a backdrop of increasing oil and gas output.
Articles & Analysis | Subsidies have long been a staple, but Brunei Darussalam is encouraging its citizens to reduce consumption from The Report: Brunei Darussalam 2016
Although nearly all residents of Brunei Darussalam are connected to the electricity grid and benefit from a well-developed, reliable and low-priced utilities system, electricity consumption per capita in the Sultanate is among the highest in the world, while difficulties in accessing new power supply have hindered expansion of some industrial...
Articles & Analysis | Brunei Darussalam prioritises renewable energy to confront climate change from The Report: Brunei Darussalam 2016
Although its dominant oil and gas sector will likely remain at the forefront of economic growth over the medium term, Brunei Darussalam has prioritised sector diversification and development of renewable energy projects in recent years, as highlighted by the 2014 “Energy White Paper”, as well as a climate change plan released prior to the...
Articles & Analysis | Partnerships with international oil companies help Brunei Darussalam cope with natural gas price drop from The Report: Brunei Darussalam 2016
Brunei Darussalam was a pioneer in the liquefied natural gas (LNG) sector during the 1970s, building a large-scale liquefaction plant and developing long-standing export ties to key markets in Japan and South Korea, leading to robust industry expansion and a substantial augmentation of its petroleum revenue base. However, both production and...
Articles & Analysis | Brunei Darussalam identifies new avenues for growth and collaboration with ASEAN partners in energy from The Report: Brunei Darussalam 2016
In a bid to diversify its economy, bolster future earnings from oil and gas revenues, and support ASEAN integration, Brunei Darussalam has joined a number of regional initiatives in recent years, with the goal of reducing consumption and increasing the use of renewable energy over the next decade. Regional cooperation in renewables development...
Articles & Analysis | Public and private sector spearhead initiatives in Brunei Darussalam's energy sector from The Report: Brunei Darussalam 2016
A powerhouse regional oil and gas producer, Brunei Darussalam has benefitted significantly from a long history of production in partnership with international oil companies. Hydrocarbons continue to dominate its economy today, accounting for the majority of government revenues, GDP and exports. The sector is facing a host of concurrent...