Middle East conflict pushes Asia into next phase of energy rethink: Bank of America

[SINGAPORE] Asian companies and governments are entering the next phase of their response to the Middle East conflict, with many starting to reassess long-term energy security, Bank of America’s president of international Bernard Mensah said.

The shift could spur fresh investments in areas ranging from renewables and refining capacity to new energy infrastructure, creating opportunities for banks and financiers, he told The Business Times in a recent interview.

“What I find is that, actually, clients are quite resilient – they’re getting on with it,” Mensah said. “They’re saying: ‘Okay, here’s what’s happened. How do we deal with it?’”