Southeast Asia's Largest Energy Companies

The 2024 Southeast Asia's Top 500 Companies report highlights key energy players shaping the region's economic and energy landscape. These companies are integral not only to local markets but also to the global energy supply chain, with revenues reflecting their significant impact.

Leading Energy Players

1. Trafigura Group (Singapore)

   • Revenue: $244.28 billion
     As a global leader in commodity trading, Singapore-based Trafigura stands at the forefront of the energy sector. Its vast operations in oil and gas trading underscore its dominance in the region and beyond.

2. PTT (Thailand)

   • Revenue: $80.42 billion
     PTT, Thailand’s largest oil and gas company, is a pivotal force in Southeast Asia’s energy market. It plays a crucial role in ensuring energy security and driving economic growth in the region.

3. Pertamina (Indonesia)

   • Revenue: $58.63 billion
     Indonesia's state-owned oil company, Pertamina, is central to the nation’s energy supply and sustainability efforts. Its operations span upstream and downstream activities, making it a vital component of the regional energy ecosystem.

4. PLN (Perusahaan Listrik Negara, Indonesia)

   • Revenue: $32.77 billion
     As Indonesia’s primary electric utility provider, PLN is instrumental in powering the nation. Its commitment to electrification has driven significant economic and social development across the archipelago.

5. TNB (Tenaga Nasional Berhad, Malaysia)

   • Revenue: $11.06 billion
     Malaysia’s largest electricity utility company, TNB, is a cornerstone of the country’s energy infrastructure. Its focus on renewable energy and sustainable practices positions it as a leader in the transition toward greener energy solutions.

Regional Significance

These companies underscore the vital role Southeast Asia plays in the global energy market. Key highlights include:

• Economic Contribution: Their combined revenues reflect the significant economic value generated within the region.
• Energy Security: These companies are critical to ensuring stable energy supplies across their respective nations.
• Sustainability Focus: Many of these players are increasingly incorporating renewable energy initiatives to address global climate challenges.

The energy sector remains a cornerstone of Southeast Asia's development, driving growth while adapting to the challenges of sustainability and innovation.