Part of the Energy Supply and Security Planning in the ASEAN (ESSPA) Programme, funded by the Ministry of Economy, Trade and Industry (METI) of Japan, joint output by the ASEAN Centre for Energy (ACE), the Institute of Energy Economics, Japan (IEEJ) and National ESSPA Teams.
Methodology applied for forecasting was econometric and used an engineering based model with software (MICROFIT and LEAP), covers all 10 ASEAN Member States. Update from the 1st Outlook, enriched with more precise details: break-down of petroleum products, incorporation of refinery process, treatment of indigeneous production, and etc.
Projection Scenarios:
- Business-as-Usual (BAU)
Uses historical trends (1980 to 2000) of GDP, GVA, population, number of vehicles in forecasting their future values - High GDP Growth
Uses the high target of GDP growth rates from each ASEAN Member Countries