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Thursday, October 22, 2026Updated 23:35 UTC

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Asia Needs $1 Trillion a Year to Secure Energy Supplies

Source: OilPrice.com · Oct 22, 2026 20:00 UTC

Aerial view of refinery storage tanks near Houston on the Gulf coast — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Asia will need as much as $1 trillion annually in energy investment over the next 15 years to meet rising demand and reduce its exposure to supply disruptions, according to a McKinsey report released Thursday. That amounts to $15 trillion through 2040, with the Iran war exposing just how vulnerable the region remains to disruptions in oil and gas shipments through the Strait of Hormuz. McKinsey no

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