ASEANOil and Gas Updates2024ASEAN Oil and Gas Updates 2024ASEAN oil and Gas Updates 2024 examines the current state and emerging trends in ASEAN's oil and gas industry.It provideskey statistics and analyses the oil and natural gas situation in ASEAN,covering reserves,production,consumption,trade,This edition covers the recent status of the trade balance and movement and investments in infrastructure development.Also included here are descriptions of recent initiatives relating to ASEANs energy security and energy transition.Our aim is to equip stakeholders with a high-level overview of the oil and gas industry in ASEAN to navigate its ever-evolvinglandscape and to point out opportunities for governments to maximise sustainable growth.The data were collected from various reliable sources:official reports from the governments,the private sector,internationalorganisations,and the ASEAN Centre for Energy report,mainly 8 ASEAN Energy Outlook.This publication has benefitted from the overall guidance of ACE's Acting Executive Director,Mr,Beni Suryadi and Mr Suwanto,Senior Analyst from the Power,Fossil Fuel,Altemative Energy,and Storage (PFS)Department.This publication was led byShania Esmeralda Manaloe,and prepared by Ignatius Bima Torence and Lintang Ambar Pramesti from the PFS DepartmentACE colleagues,Adeline Wicaksono,Aldilla Noor Rakhiemah (ACCEPT Team),Bayu Jamalullael,Dynta Trishana Munardy,RikaSafrina,and silvira Ayu Rosalia provided helpful support,reviews,and feedback.Publication was supported by Aurelia SyafinaLuthfi from Communications Team.December 2024