Southeast Asia

HIGH

Oil Import Dependency

55%

LNG Import Dependency

30%

Situation Overview

Southeast Asian economies are heavily dependent on Gulf crude for their refining and petrochemical industries. Singapore, the region's refining hub, has seen throughput decline by 25% as feedstock supplies dry up. Vietnam and Thailand have implemented fuel rationing, while Indonesia has drawn down its strategic reserves to critical levels. The Philippines has declared a state of energy emergency.

Economic Impact

$195B combined impact across ASEAN nations. Singapore's refining margins have hit record highs even as throughput declines, creating a paradoxical profit situation that masks the underlying supply crisis. Vietnam's manufacturing sector, heavily dependent on energy-intensive processes, has seen output decline 8%. The ASEAN bloc is seeking collective bargaining arrangements with alternative suppliers.

Key Facts

55% crude via Hormuz
Singapore hub disrupted (-25%)
Fuel rationing in Vietnam/Thailand
Indonesia reserves critical
Philippines energy emergency
ASEAN collective supply talks