Brunei Energy Storage Container Production

Why is Brunei focusing on developing downstream energy industries?

The country is focusing on developing downstream energy industries by maximising economic spin-of potential from upstream production and assets. Brunei Darussalam aims to reduce its energy intensity by 45% in 2035 from the baseline year of 2005, in line with its regional commitment to the Asia-Pacific Economic Cooperation.

Does Brunei Darussalam have an oil & gas industry?

Recent Energy Developments As Brunei Darussalam aspires for greater economic development, the government has substantially invested in downstream oil and gas industries, including, since 2010, Brunei Methanol Company, and, since late 2019, Hengyi Industries Sdn Bhd.

How to achieve Wawasan Brunei 2035?

To achieve the objectives of Wawasan Brunei 2035, all economic sectors, including energy, must significantly boost their activity. Despite the growing emphasis on EEC, energy demand is expected to continue its steady ascent. Thus, the country will continue to rely on fossil fuels as its primary source of energy to meet rising domestic demand.

How can industrial processes help achieve Wawasan Brunei 2035?

in industrial processes can reduce GHG emissions, lessen the impacts of climate change, and help achieve the net-zero emission target. To achieve the objectives of Wawasan Brunei 2035, all economic sectors, including energy, must significantly boost their activity.