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Emerging Asia's power-driven LNG demand at risk as renewables gain ground

Geopolitical shocks, equipment shortages highlight LNG's risk and emerging market gas-fired power generation has been losing ground in recent years: Ember data.

The Star MalaysiaEmily Chow查看原文 ↗
随着可再生能源的崛起,新兴亚洲以电力驱动的液化天然气需求面临风险。

SINGAPORE (Reuters): Emerging Asia is losing its appetite for liquefied natural gas to generate power as geopolitical shocks, equipment shortages and cheaper renewables derail projects, disappointing industry hopes the region would drive the next wave of demand.

Countries including Vietnam and the Philippines had planned new LNG import terminals and power plants to meet rising demand and transition from coal, but the market shocks of Russia's 2022 Ukraine invasion and the ongoing US-Iran war sent prices soaring, exposing the risks of LNG reliance.

Thank you for your report!

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