Mubadala Petroleum plans South-East Asia expansion to tap into rising energy demand
Abu Dhabi-based Mubadala Petroleum is planning to expand its operations in South-East Asia as it seeks to tap into growing demand for electricity in the region.
"For the moment, ... most of the demand post-Covid-19 or growth rather will happen in the Asean region. You are talking about double-digit growth in demand for electricity," Mubadala Petroleum's chief operating officer Mazin Al Lamki told the Future Energy Asia conference that was held online on Wednesday.
The Association of South-East Asian Nations is a 10-member economic bloc comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Mubadala Petroleum, a unit of Abu Dhabi’s strategic investment firm Mubadala Investment Company ,is actively exploring and developing hydrocarbon assets in South-East Asia.
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