LNG
High Costs and Renewables Surge Weaken Asian Gas Demand Forecasts
Long-term gas demand growth forecasts are starting to show signs of weakness due to energy security issues, national decarbonisation goals and the continuously decreasing costs of renewables.
5 Global LNG Projects 2024
Increasing demand has been driving up LNG prices since 2021. Experts expect that this demand will continue to grow, and without new LNG infrastructure, demand will outstrip supply. Luckily, several major LNG projects are in progress, and more are expected to follow.
ASEAN Energy Transition: The Role of LNG
While the oil and gas industry insists that LNG demand will continue growing in upcoming decades mainly due to the economic growth of China and Southeast Asian countries, market experts and analysts claim the opposite, stressing the fuel's energy security and environmental, economic and geopolitical risks.
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.
LNG Demand Decline in Japan To Cause Oversupply Through 2030
Considering the economic, environmental and energy security arguments, investing in new LNG capacity to accommodate the oversupply of Japan’s utilities instead of clean energy is a short-sighted, strategic misstep for developing Asia.
The Impact on Japan as President Biden Halts LNG Exports From New Plants
While President Biden’s decision doesn’t threaten energy security and short-term deliveries, it is yet another nail in the coffin of the theory that natural gas is the reliable “bridge fuel” the world needs.
Why Does Japan Rely on Fossil Fuels?
Japan is often overlooked in the conversation about the biggest climate offenders. However, in their current form, Japan’s plans for “clean coal” and hydrogen pose a major risk, extending the life of fossil fuels.
The IEA’s World Energy Outlook 2023: Global and Asian Gas Demand to Peak by 2030
The International Energy Agency (IEA) reports that while clean energy adoption is accelerating rapidly, current policies will still push global warming to 2.4°C, far beyond the Paris Agreement's target. Global leaders must make COP28 count by pledging to achieve the IEA's five pillars for getting back on track.
The Philippines’ Choice: Going Clean or Going With SMC
The Philippines has immense clean energy potential and has already witnessed the benefits of tapping into it. Whether the government continues in this direction will reveal if its priorities lay with the corporations or the public interest.
The LNG Plans For Samsung’s New Megaproject Threaten Its Reputation
Today, Samsung is far from being a climate leader - neither in terms of current progress nor when it comes to pledges. However, the company has all the means to become one. Advocating for more renewables and less fossil fuels in South Korea's climate policies is a crucial first step.
COP28: Qatari and US LNG Uptick To Throw Climate Goals Into Chaos
COP28 Dubai could be jeopardised by massive new LNG investment by Qatar and the US as the world attempts to move away from fossil fuels.
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, with over half of this capacity concentrated in East and Southeast Asia. Rising costs saw around 81GW of previously planned capacity was cancelled between 2022-2023. There is still time to halt or limit the gas expansion in Asia, as around 70% of the gas-fired capacity is still in the announcement and pre-construction stages.
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.
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