|Asia-Pacific Energy & Environment Industry Outlook, 2018|
|Cross-industry Digitalization and Alternative Energy will Thrive in the Post-subsidy Era|
In 2018, oil and gas (O&G) investments are likely to see a renewal as the sector gradually recovers. Opportunities continue to be rife in the LNG and refinery segments, as LNG regasification expansion will drive tank storage investments in Asia-Pacific. Renewable energy, including hybrid projects, will become a mainstream source of power for a low-carbon 2018. Specifically, solar power will overshadow coal and nuclear as the fastest-growing power generation segment. Business models for power utilities will change as growing interest in distributed energy and microgrid threatens the conventional power supply chain. For instance, Southeast Asian countries will join the bandwagon for investments in distribution grid management (DGM).
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