Southeast Asian countries could face sharply rising energy costs unless they accelerate efforts to diversify their energy supplies, according to a new report released on Tuesday by the International Energy Agency (IEA).

Strait of Hormuz crisis reinforces need for Southeast Asia to tackle major energy vulnerabilities - News from the International Energy Agency

The International Energy Agency says Southeast Asia’s power sector is too open to risks from its dependence on imports of oil and gas from a limited number of suppliers.