September 14, 2025 07:00 AM GMT Investor Presentation | Asia Pacific M Foundation Future of Energy: Four Themes A diffusion of four thematics is driving debate in energy and power markets. Powering AI is intersecting with the natural gas adoption theme, while China's anti-Involution is going wider across countries for chemicals, solar supply chain while driving a 'golden age' for fuel refiners. Exhibit 1: Future of Energy: Four Thematics in Play Source: Morgan Stanley Research Morgan Stanley Asia (Singapore ...