The oil and gas sector in the Asia-Pacific region is likely to find fundraising more difficult, particularly to support fresh capacity, according to a new report by the Institute for Energy Economics & Financial Analysis (IEEFA).
Industry financing is subject to the practices of its financiers, underwriters and advisors.
However, more financial institutions are joining a worldwide alliance that is committed to less funding of fossil-fuel operations, which include making no new direct investments in upstream production, noted the report.