Singapore, 14 October 2026 – Southeast Asia will need a broader mix of energy supplies and stronger cross-border power links as electricity demand rises and geopolitical shocks test the region’s resilience. Shell’s trading and supply president Andrew Smith said governments must balance affordability, sustainability and reliability rather than treating any one objective in isolation.
The warning comes as energy costs are already squeezing companies. A regional survey found that 79% of ASEAN businesses had faced higher energy bills since early 2026, most commonly increases of between 10% and 29%. Forty-four per cent said the impact on profitability was moderate to significant.
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