Natural Gas
High LNG Prices in Asia: Risk Causing Permanent Demand Drop
The demand for LNG in Asia is plummeting. Developing nations can't bear with the high gas prices and are actively looking toward renewables. Even fossil fuel stewards are starting to have second thoughts. And if the high gas prices continue, which seems likely, the demand drop might be irreversible.
Korean and Japanese Companies in Vietnam Are the Main Gas Expansion Advocates
The pressure from Japanese and Korean companies on Vietnam to move in the direction of gas expansion risks tarnishing the country's clean energy progress and locking it into a future of energy instability, high electricity prices and stranded assets.
Vietnam’s Block B Gas Project – the Potential Impact on the Involved Parties
Vietnam has a vast potential for wind and solar power. Yet, the country pushes ahead with plans like the Block B gas project. In a world of highly-unpredictable gas prices where the end goal is net-zero, such a step can prove costly for all parties involved.
Asia’s Banks Push the Region Towards Fossil Gas Future
After following the money trail behind the fossil gas expansion in Southeast Asia, a new report by CEED finds that thanks to the significant financial support, nations in the region are locking themselves into a fossil gas future.
Oil and Gas in Asia – Current State and What Lies Ahead for the Industry
The oil and gas industry outlook in Asia is set to rise, yet as clean energy demand rises, oil and gas look set to follow coal's demise.
Hyundai Backtracks On RE100 Pledge With New Ulsan LNG Plant
After joining RE100 and committing to 100% renewable energy, Hyundai Motor Company released plans for a new LNG facility. This directly contradicts its RE100 pledge and raises serious accusations of greenwashing. The move is surprising for the second-largest company in South Korea and is seen by many as a poor publicity choice and a financial risk. The project is currently on hold but remains a possibility.
Europe’s Energy Crisis 2022: Lessons for Asia
Asia is in the unique position to witness the pitfalls of poor energy strategy and how much it costs. If it proceeds to repeat Europe’s mistakes, then Asia has no one else to blame but itself.
The Philippines’ Presidential Candidates 2022 Should Pursue Renewables and Halt LNG
Halting LNG expansion plans may be against the dominant trend in Southeast Asia, but the Philippines' presidential candidates must make the tough decisions if the country wants to mitigate its finance, energy dependence, stranded asset and climate risks.
LNG: The Rise of Liquefied Natural Gas
Liquid natural gas (LNG) is an energy-dense fossil fuel that produces fewer emissions than coal and oil. Many people see it as a "transition fuel" for the global energy transition causing an increase in demand over the past few years. We expect that the upcoming decade will be pivotal in defining LNG's role in the world's future energy mix.
What is LNG Used for?
LNG prices saw record highs in 2021 caused by unprecedented demand. The global impacts of COVID-19 primarily drove the demand, but this appetite for natural gas may continue in the future. Natural gas is a versatile fuel source, and LNG is an effective way to transport it over long distances.
Singapore LNG Hub for Asia: What are the Plans?
Singapore has historically been a hub for petroleum in Asia, acting as a market between the east and the west. With LNG demand surging, they are hoping to play the same role for LNG.
Natural Gas in Bangladesh – Record High Prices and Imminent Climate Impacts
2021 saw record spot pricing for LNG around the world, and Bangladesh took the brunt of these costs. To prevent future impacts from price volatility, Bangladesh and other Asian nations are looking at developing local LNG infrastructure. However, considering the recent IPCC report, Bangladesh needs to rethink its approach to natural gas.
China’s Growing LNG Dependence – Is Increasing Imports the Solution?
In 2021 China became the world's largest LNG importer. This was in response to growing energy demands for economic growth, volatile energy costs, and lower than expected domestic generation. Will this be a sustainable option for China?
JERA’s Vietnam LNG Plans in the Wake of PDP8
Vietnam is undisputedly among the world's best renewable energy success stories. The country needs to continue marching towards sustainability and retain its position as a lucrative market for green investors. However, the looming boom in the local LNG market risks derailing this progress.
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