How the Middle East war is reshaping Asia’s upstream strategy, with Prateek Pandey

This episode was recorded on Tuesday, 31 March.Let’s Talk Energy and try to understand how the war in the Middle East is changing how companies and countries think about producing energy in Asia. Nowhere – outside of the Middle East itself - has been impacted more by the ongoing conflict between the US and Israel and Iran and the de facto closure of the Strait of Hormuz than Asia, which receives the lion’s share of the region’s oil and LNG exports. The loss of that crucial supply has led countries to declare energy emergencies, tapping reserves, rationing supplies and trying to find ways to reduce demand such as shortening in-office work weeks. For private companies and national champions alike, the war has reinforced the imperative to find diverse sources of supply that don’t have to travel through increasingly fragile chokepoints in global trade.  How might companies adjust their future strategies in response to the immediate supply shock created by the war?  What is the potential of the region to meet its own growing demand for oil and natural gas?   Will more secure, regional supplies come at a higher cost for consumers? Related Analysis Strait of Hormuz crisis: How far is the world from a fuel shortage? (clients only) Special report 3 - Middle East conflict implications (accessible to non-clients) China’s resilient power system limits fallout from Middle East war (clients only) Chief Economist Desk: Strait of Hormuz, energy supply disruptions and long-term scenarios (accessible to non-clients) Indonesia exploration round points to a strategic blend of oil and LNG plays (clients only) The oil market did not underreact. It just had buffers (accessible to non-clients) Asian refiners face a rare crossroads of high margins, tight supply (clients only)  Related Episodes Middle East escalation and the scramble for LNG, with Sindre Knutsson How will Middle East conflict impact energy and the economy? With Claudio Galimberti Is China’s falling LNG demand a warning sign for global markets? With Wei Xiong Could Middle East conflict break energy supply chains? With Matthew Fitzsimmons Let’s Talk Energy is a Rystad Energy Production.    Produced by Både Og.    Executive producers: Noah Brenner, Elliot Busby, Evodie Fleury-Greaker & Erik Means.    Follow us on:   LinkedIn    YouTube    Instagram    X