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Asia's Gas Surge Risks Fueling Middle East Supply Woes
24 Sep
Summary
- Southeast Asia is building over 100 GW of gas power capacity.
- LNG import capacity expansion reaches 70 million tons per annum.
- GEM warns of increased exposure to supply disruptions and price volatility.
Southeast Asia is on track to develop more than 100 gigawatts of gas-fired power generating capacity. Concurrently, the region is establishing 70 million tons per annum of liquefied natural gas (LNG) import capacity. This expansion is proceeding despite growing supply risks, notably those underscored by the ongoing conflict in the Middle East.
According to research from the U.S. think tank Global Energy Monitor (GEM), the continued development of LNG import infrastructure presents a significant concern. GEM's report highlights that this expansion risks exacerbating exposure to supply disruptions and the price volatility that the current crisis has brought to prominence.
