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IMF Official Warns Mideast War Heightens Asia’s Energy Security Concerns
(MENAFN) An International Monetary Fund official has said that recent disruptions in global energy supplies linked to conflict in the Middle East have intensified concerns in Asia about energy security and the need for broader diversification, according to reports.
Thomas Helbling, who serves as deputy director in the IMF’s Asia and Pacific department, noted that the current situation has highlighted vulnerabilities in energy dependence and reinforced the importance of expanding supply sources. He emphasized that energy security has become a more prominent issue following recent shocks to global markets.
Recent IMF projections suggest that economic growth across Asia is expected to gradually slow over the coming years, with regional expansion moderating from around 5 percent in 2025 to lower levels in subsequent years.
The report also highlights that Asia’s reliance on oil and gas is relatively high compared with other regions, with energy consumption accounting for a significant share of GDP in several economies. In some countries, particularly those with strong industrial and transport sectors, energy dependence is even more pronounced.
The Middle East continues to be a key supplier of oil for many Asian nations, but the official stressed that reducing dependence on any single source through diversified energy imports and investment in alternative energy channels would help improve long-term stability.
He also pointed out that economies with higher reliance on fossil fuels tend to be more exposed to external shocks. Given Asia’s role as a global manufacturing hub, the region’s energy demand remains closely tied to its production and export activity, further increasing the importance of resilient and diversified energy systems.
Thomas Helbling, who serves as deputy director in the IMF’s Asia and Pacific department, noted that the current situation has highlighted vulnerabilities in energy dependence and reinforced the importance of expanding supply sources. He emphasized that energy security has become a more prominent issue following recent shocks to global markets.
Recent IMF projections suggest that economic growth across Asia is expected to gradually slow over the coming years, with regional expansion moderating from around 5 percent in 2025 to lower levels in subsequent years.
The report also highlights that Asia’s reliance on oil and gas is relatively high compared with other regions, with energy consumption accounting for a significant share of GDP in several economies. In some countries, particularly those with strong industrial and transport sectors, energy dependence is even more pronounced.
The Middle East continues to be a key supplier of oil for many Asian nations, but the official stressed that reducing dependence on any single source through diversified energy imports and investment in alternative energy channels would help improve long-term stability.
He also pointed out that economies with higher reliance on fossil fuels tend to be more exposed to external shocks. Given Asia’s role as a global manufacturing hub, the region’s energy demand remains closely tied to its production and export activity, further increasing the importance of resilient and diversified energy systems.
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