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Strategy

Asia-Pacific Gets Bolder in Transition Ambitions

Copyright © 2021 Energy Intelligence Group
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Moving beyond token gestures involving just a sliver of their overall capital investments, Asia-Pacific oil and gas firms are now graduating to bold, serious initiatives to tackle the energy transition. Firms including India’s Reliance Industries and Thailand’s PTT — plus other traditional emissions-intensive players such as Australia’s Fortesque Metals — have unveiled multibillion-dollar investments in electric mobility, renewable energy, or green hydrogen. Such a trend is only likely to gather momentum, potentially influencing other players in the region to catch up.

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