KUALA LUMPUR, March 31 (Xinhua) -- Asia-Pacific offshore energy investment is expected to average around 150 billion U.S. dollars annually through 2035, supporting continued oil and gas development as well as the expansion of offshore clean energy technologies, a white paper said Tuesday.
The white paper, released by Rystad Energy at the Offshore Technology Conference Asia (OTC Asia) 2026 in Kuala Lumpur, said that offshore wind, carbon capture and storage, and floating solar are expected to play an increasingly important role in the region's energy transition, alongside Asia's strong manufacturing capabilities in renewable energy supply chains.
As global energy demand continues to rise, the white paper said, Asia is expected to remain the primary driver of growth while accelerating the transition to lower-carbon energy systems.
Global energy demand is projected to increase by approximately 15 percent over the next 15 years, requiring significant investment across both conventional and low-carbon energy sources, it added.
The white paper also highlighted offshore energy as a strategic pillar of Asia's future energy mix.
"Asia is entering a pivotal period in its energy journey. Offshore energy will be essential in meeting rising energy demand while supporting the transition toward lower-carbon energy systems," said Jarand Rystad, chief executive officer of Rystad Energy. ■
