5 ways the Middle East crisis has changed APAC upstream

AI Summary

The Middle East crisis has highlighted the region's importance as a key supply source of oil and gas exports to Asia-Pacific, revealing vulnerabilities in the Strait of Hormuz chokepoint. Asian countries are adapting strategies in their upstream sector to navigate these supply risks and geopolitical uncertainties.

With over 80% of oil and gas exports from the Middle East normally destined for the Asia-Pacific region, the chokepoint in the Strait of Hormuz has revealed a key vulnerability. So, how are Asian countries adapting, and what does it mean for the region’s upstream sector? Wood Mackenzie’s regional experts have leveraged data from a ...