|Asia-Pacific Energy and Environment Industry Outlook, 2019|
|Digitalization Set to Shake Up the Energy and Building Segments as Key Participants Strive to Stay Competitive|
In 2019, oil & gas (O&G) capital expenditure (CAPEX) in exploration and production (E&P) is expected to grow by 7 percent to touch nearly $600 billion, however, the sector will experience a year-on-year reduction in brent crude oil price in 2019. Renewable energy segments like wind and solar power will get a boost as Taiwan, China, South Korea, and Japan move towards offshore farms. while coal will to have neutral outlook as some countries defer the building of new plants.
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