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Energy Majors Boost Gas Investments in Southeast Asia to Power Growing AI Data Centers

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Major energy companies are significantly increasing investments in natural gas exploration and production across Malaysia and Indonesia to meet the surging electricity demand driven by expanding populations and a rise in data centers in Southeast Asia.

At the Energy Asia conference in Kuala Lumpur, Shell announced plans to invest an additional 9 billion ringgit ($2.12 billion) in Malaysia over the next two to three years to bolster gas production. Shell CEO Wael Sawan highlighted the urgent need to replace an expected 20% drop in regional gas output by 2035, identifying liquefied natural gas (LNG) as the most practical solution due to existing infrastructure.

French energy giant TotalEnergies recently expanded its stake in Malaysian gas assets through acquisitions from state-owned Petronas, emphasizing the region’s growing energy needs as population and industrial demand increase. Italian company Eni, together with Petronas, is preparing a joint venture to further develop gas fields in both Malaysia and Indonesia, with a formal agreement anticipated by year-end.

Japanese firm Inpex has reentered the Malaysian market, focusing on offshore exploration near Sarawak and Sabah while continuing work on Indonesia’s Abadi LNG project. CEO Takayuki Ueda noted that LNG demand will rise steadily until 2040 and possibly beyond, driven by local consumption strategies amid geopolitical uncertainties.

U.S.-based ConocoPhillips also plans investments in Malaysia’s Sabah region after withdrawing from a previous project in Sarawak, signaling continued interest in Southeast Asian gas development.

Natural gas and LNG are seen as vital fuels to replace coal-fired power plants and reduce emissions, while providing stable, reliable energy for the growing network of power-intensive data centers supporting artificial intelligence and cloud services.

Petronas CEO Tengku Muhammad Taufik Tengku Aziz confirmed the company is focused on meeting the expected doubling of global data center power demand to 945 terawatt hours by 2030, aligning energy strategies accordingly.

Energy expert Daniel Yergin of S&P Global emphasized that natural gas is becoming increasingly essential, stating countries cannot meet growing electricity needs and support data center growth without expanding gas production.

TotalEnergies Partners with French AI Startup Mistral to Boost Energy Efficiency

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TotalEnergies, the French oil and gas major, announced a new partnership with French AI startup Mistral to develop digital tools aimed at enhancing the performance of its energy business and industrial assets, improving energy efficiency, and reducing environmental impact.

The collaboration has already commenced with joint meetings at the companies’ existing facilities, though no new physical laboratory will be created. Together, they plan to develop an AI-powered assistant to support TotalEnergies in project development, operational decision-making to lower emissions, and improving customer support solutions focused on energy savings.

TotalEnergies CEO Patrick Pouyanne highlighted AI’s transformative potential for energy systems and underscored the partnership as part of the company’s broader ambition to foster a European technological ecosystem.

Mistral recently launched Europe’s first AI reasoning model, designed to use logical thinking to generate responses, positioning itself among the leading AI innovators alongside U.S. and Chinese competitors.

Since 2022, TotalEnergies has actively engaged with various AI startups to enhance profitability and operational efficiency in its electricity business. Past initiatives include algorithm-driven predictive maintenance of wind turbines, optimization of electricity trading via advanced weather modeling, and improved digital planning for renewable energy farms.

Additionally, TotalEnergies experimented with Microsoft’s AI assistant Copilot by providing employees six months’ access to identify the most effective applications within the company, as revealed by Pouyanne at the AI Action Summit in Paris earlier this year.

French Battery Maker ACC Welcomes EU Auto Sector Support, but Expresses Concern Over Timeliness

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Automotive Cells Company (ACC), a French battery manufacturer, expressed its support for the European Union’s action plan to bolster the auto sector, but also voiced concerns that the measures may arrive too late to address current challenges.

The European Commission recently introduced an action plan aimed at helping the auto industry achieve zero carbon emissions from cars and vans by 2035. A key element of this plan is the allocation of 1.8 billion euros ($1.94 billion) to help secure the supply chains for battery raw materials.

While ACC, a joint venture between Stellantis, Mercedes, and TotalEnergies, welcomed the medium-term support outlined in the plan, the company raised concerns about the urgency of the situation. In a LinkedIn post, ACC noted, “Nevertheless, we fear that the urgency of the situation we are currently going through is not being considered. To benefit from it, we will have to have managed to survive until then.”

ACC has been forced to scale back its battery production ambitions amid uncertainties surrounding electric vehicle demand in Europe and the rise of more affordable battery technologies. The company initially planned to build nine production blocks by 2030 across France, Germany, and Italy, supported by a 7.3 billion euro investment. However, the projects in Germany and Italy have been put on hold, and currently, only one block in France is operational, producing batteries for Stellantis. A second block is expected to begin operations by the end of the year.