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Located in Southeast Asia, bordering the South China Sea and Malaysia, Brunei is geographically divided by Malaysia into 2 unconnected parts. Brunei has an area of 5,765 square kilometers. Administratively, it is divided into four districts and namely Brunei-Muara, Tutong, Belait and Temburong. The capital city, Bandar Seri Begawan, is located in the Brunei-Muara districts and is where the government operations and major business activities take place.
The population of Brunei is 390 thousand as of 1 July 2007 with a growth rate estimated at 1.8 percent from previous year.
Economy of Brunei is almost totally supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for over half of GDP. The GDP at Current market Prices reached US$ 12,317 Million in 2007, or 0.6 percent hiked compare to 2006. It’s equal to US$ 31,582 of GDP per Capita at Current market Prices that makes this country become the 2nd highest per capita incomes among ASEAN countries after Singapore.
I wrote this report last year, so some data are not updated. But I hope this could be a good thing to read to know how the energy situation in ASEAN.
The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand. Brunei Darussalam then joined on 8 January 1984, Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the ten Member States of ASEAN.
The ASEAN region’s total land area covers 4,435,830 square kilometers. It has a total population of 583,518 thousand in 2008. Total GDP was 1,505,648 million USD and Gross domestic product per capita at current prices on average is 2,580 USD during the same period. The region’s economy has experienced with GDP growing at an annual rate of 4.4 percent in 2008 but in 2009, ASEAN figure is estimated using country growth rates and country share of world GDP valuated in PPP$ from the IMF WEO Database October 2009, the GDP growing was only 1.3 percent.
Since energy is a vital factor in driving economic growth, higher energy consumption can be expected in the coming decades in this part of the world. The Tokyo-based Institute of Energy Economic, Japan projects that the primary energy requirements in the ASEAN will grow at an annual rate of 4.0 percent from 474 MTOE in 2005 to 1252 MTOE in 2030. How to best meet this demand poses a range of policy challenges for the region’s governments not only at the individual but also at the regional level (Symon 2004).