LNG
Proposed Expansion of Gas Power in Asia Poses Climate and Economic Risks [Op-Ed]
Over 60% of global gas-fired capacity in development is based in Asia, and of this, more than half the capacity is concentrated in East Asia and Southeast Asia. With an estimated cost of nearly US$338 billion in capital expenditure, these units would emit over 750 million tonnes of CO2 annually if they become operational.
Natural Gas Forecast 2023: Demand in Asia to Bounce Back
While natural gas prices are expected to remain low, they would still be above their historical averages. As a result, Asian countries' imports would still be costly, even in an ideal world without any market volatility.
How the Unreliability and Unpredictability of Fossil Fuels Hurt Bangladesh
Bangladesh has suffered enough from fossil fuel import dependence and has experienced first-hand how the dirtiest fuels affect the climate. However, thanks to its clean energy potential, the country holds the keys to an independent and sustainable future.
Oil Spill in the Philippines Implicates San Miguel Corporation
A major oil spill in the Philippines raises concerns over a corporate giant’s refusal to accept responsibility for the disaster. It also raises concerns over its dismal environmental record due to liquefied natural gas (LNG) development. The government is waffling, and the environment, local residents and fisherfolk are suffering.
Upcoming LNG Projects in Asia: The Outlook for 2023 and Beyond
Developing Asian countries have felt the financially-devastating consequences of relying on natural gas. Yet, they are planning for a massive buildout of LNG terminals – a move that will lock them in a future of stranded assets, high power costs and energy independence.
LNG’s Stranded Asset Risk in Asia: Warnings, Project Delays and Cancellations
Gas prices are projected to remain high for the next couple of years, while available volumes are to remain scarce. As a result, bringing new LNG projects online in Asia won’t get any easier and more delays and cancellations are potentially waiting around the corner.
Gas Deals at COP27 Egypt: All You Need To Know
There is a feeling that COP27 did more for fossil fuels than clean energy. However, convinced of the benefits of the latter, some Asian countries are actively progressing towards a more sustainable, cost-efficient and resilient energy system.
COP27 Egypt and the Outlook For Natural Gas in Asia
COP27 has shown that while gas won't be going away soon, its faith is already determined. And Asian countries should be aware of that.
Environmental Issues in the Philippines and New LNG Projects
The fossil gas expansion in the Philippines, mainly fueled by SMC, is taking place amid the worsening climate and energy crisis. The move risks burdening the nation with high energy costs, unreliable supply, stranded asset risk, increased energy dependency and a devastating impact on the environment.
San Miguel Corporation’s LNG Projects and their Implications for the Company and the Philippines
Natural gas has successively been shown to oppose the goals of solving the energy crisis. It causes environmental issues and won't help the Philippines decarbonise. Gas is now an impractical choice for the San Miguel Corporation, the regions biggest LNG developer.
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.
Top Concerns of Young Filipinos and How LNG Expansion Magnifies Them
The United Nations General Assembly declared that everyone has a right to a healthy environment. But with the country's LNG developments, the hope for a healthy future for young Filipinos, especially island-dwellers, is uncertain. A climate advocate speaks about why young Filipinos should oppose LNG projects in the country.
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.
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.
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