Surrounded by bigger international players from neighbouring countries, Cambodia's potential to import LNG has always been overlooked till recently. Announcements of interests by Russia and Indonesia to develop Cambodia's LNG infrastructure in Cambodia depicts the immense opportunity for gas to power in Cambodia.
As one of the fastest growing economy amongst other ASEAN countries, with growth of more than than 7% annually for the past decade, Cambodia is a high potential country for investment. According to the latest ranking by Market Potential Index, Cambodia is ranked 37th in the world for investment.
Such high economic growth comes with strong demand for power generation. According to an estimate by Economic Research Institute for ASEAN and EAST Asia (ERIA), electricity demand in Cambodia will increase 8.7 folds from nearly 5TWh in 2015 to nearly 40TWh by 2040. The report by ERIA also indicates the percentage of power generation by gas to be at 18% in 2040, clearly implying the major role that LNG can take up in Cambodia.
Given positive outlook and strong support from the Ministry of Mines and Energy, Oil and gas Cambodia will take place on the 7- 8 May 2019 at the Sokha Hotel in Phnom Penh. This event will also engage high levels of participation from major oil and gas players in Cambodia including Tela kampuchea, PTT Cambodia, Total Cambodge, PetroVietnam Cambodia etc.
Do not miss this exciting opportunity to network with all the major players in Cambodia whilst charting your business strategies for this up and coming LNG market in the ASEAN region!
Contact our dedicated sales representatives at firstname.lastname@example.org or call us at +65 6742 2155 to see how this event can help position your brand in this exciting new oil and gas market.
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