Kingdom gets ADB aid in move towards cleaner energy

With most countries trying to make a shift from high dependence on fossil fuels, Cambodia too is making attempt in that direction and is being given a strong hand-holding by the Asian Development Bank (ADB). To meet its energy requirement, Cambodia is solely dependent on imports, or on coal-based energy generation. According to the Minister of Mines and Energy Suy Sem, recently, has said recently that the demand for oil products in Cambodia is projected to rise to 4.8 million tons in 2030, up from 2.8 million tons in 2020. Given the growing urbanization, "further investments in this sector are needed in order to respond to this growing demand," said the Minister of Mines and Energy. Cambodia imported $2.84 billion in oil and gas products in the first nine months of 2022, up 66 percent from $1.71 billion in the same period of the previous year, according to a report from the General Department of Customs and Excise on October 10. The report didn't mention the volume of oil and gas the Southeast Asian country imported during the January-September period this year. Currently, Cambodia relies solely on oil and gas imports as its seabed's oil and gas reserves have not been tapped yet.  (Source: Khmer Times)