First American Scientific Corp. (fka FASC)

[ptrey]

The more I read the more I'm convinced CAL was a genius in putting together a JV with FASCM in SE Asia. The TECHNOLOGY PACT should help FASC. FWIW/IMHO.

08-06-2004: Southeast Asia needs to invest up to RM95b annually for energy needs

Southeast Asia needs to invest as much as US$25 billion (RM95 billion) on average each year to meet energy demand which is expected to more than double in the 20 years to 2020, the Asean Centre for Energy (ACE) said on June 8.

It said the members of the Association of South East Asian Nations (Asean) would need to invest US$325 billion to US$504 billion to meet its energy requirements, mostly in the power and gas sectors, over the two-decade period.

Indonesia, the region's biggest oil-and-gas producer, will need US$110 billion to US$155 billion, Guillermo Balce, the outgoing executive director of ACE told an Asean energy business forum.

Asean'S energy ministers and those from the Asia-Pacific Economic Cooperation forum are holding meetings in Manila this week when energy security is expected to top the agenda.

Balce said China's forecast investment requirement for the 20-year period was US$1.47 trillion compared with the rest of Asia, including India, at US$1.18 trillion.

"It may be less than half of China's needs and its energy market, but Asean is still a significant market for investment," Balce said.

ACE predicted Asean's total energy demand would rise to 583 million tonnes of oil equivalent (TOE) by 2020 from 282 million TOE in 2000.

Balce said oil would remain the biggest portion of the region's energy mix at 292 million TOE in 2020, from 155 million TOE in 2000.

Electricity would increase to 104 million TOE at the end of the forecast period against 30 million TOE. Gas would account for 71 million TOE versus 13 million TOE.

Thailand was second in the ranking for investment needs at US$74 billion to US$103 billion and Malaysia was third at US$74 billion to US$91 billion.

Vietnam would require about US$70 billion followed by the Philippines at US$30 billion to US$40 billion and Singapore at US$15 billion to US$40 billion.

Balce said the figures did not include investment in strategic oil reserves. Investment in electricity would reach US$323 billion over the 20-year period.

Gas spending would be US$85.4 billion, oil US$30.7 billion, with US$15.4 billion going to renewable energy investment and US$6.6 billion to coal. - Reuters

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_4897d610-cb73c03a-1286350....