On January 12, Enlit Asia, a digital content platform and events organizer for the energy industry, published an article that featured the insights of Joseph Tomkiewicz, partner and co-chair of Tilleke & Gibbins’ regional energy practice.
Titled “Uncertainty & Silver Linings: An Energy 2022 Outlook,” the article takes stock of some recent trends in the energy industry in Asia, and considers how power production and consumption might play out in the coming year.
The writer sought Joseph’s perspective specifically on the continued volatility of natural gas prices, which spiked throughout ASEAN in 2021. Joseph explained that the price of natural gas and liquefied natural gas (LNG) may well end up being the single most influential factor for the ASEAN power sector in 2022.
The article also noted that a possible silver lining of the high prices could be an accelerated shift toward renewable and sustainable energy sources in line with the region’s targets as affirmed in the latest United Nations Climate Change Conference (COP26).
Overall, the article makes the case that 2022 will again be a year of transition for the energy sector in ASEAN as the world moves toward more sustainable practices and greater emphasis on environmental, social, and corporate governance goals.
To read the full article, please visit the Enlit Asia website.
