Asia Needs $1 Trillion a Year to Secure Energy Supplies

OilPrice.com·Oct 22, 2026 · 3:00 PM CT

Readthrough summary

A McKinsey report released Thursday says Asia faces a huge energy investment bill, OilPrice.com reports.

The region will need up to $1 trillion a year over the next 15 years, about $15 trillion through 2040. The Iran war has shown how exposed Asia is to disruptions in oil and gas shipments through the Strait of Hormuz.

McKinsey expects Asian energy demand to reach 370 million terajoules by 2040, 15% above its forecast a year ago, driven by data centers, industry and cooling. Coal use is seen staying broadly flat over the next decade, with declines in China offset by India and Southeast Asia.

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