LNG
Fossil Fuel Divestment Scorecard: Japan “Dirtiest” Financier
Japanese banks have again emerged as the leading fossil fuel financiers in the region, while Southeast Asian financial institutions also play a prominent role. According to the report’s authors, their actions undermine the food security, biodiversity and health of millions in the region.
IEA’s Future of Energy Security Summit Ends With a Call For Cooperation, Less Fossil Fuels and More Renewables
The Energy Security Summit ended with a strong message - energy security is a question of national security, and climate change threatens both. Parties agreed that an effective response requires increased collaboration in reducing fossil fuel import reliance and scaling up renewables.
Japan To Buy ‘Record Amounts’ of LNG From US After Trump and Ishiba Meet
In times of heightened geopolitical risk and ever-dropping renewable energy costs, Japan's promise is likely to have significant consequences for its economy and energy security. However, the biggest impact might be felt by Southeast Asian countries – a prime target for Japanese stakeholders looking to resell excessive LNG.
Natural Gas Price Forecast 2025: Asia To Drive Global Demand
In 2025, natural gas markets will continue facing uncertainty, with market analysts warning of continuously increasing prices hitting import-reliant Asian economies. This necessitates accelerating renewables deployment to ensure more affordable, secure and clean energy for their growing economies.
Investors Pulling Out of the Barossa Gas Project Adds to the Uncertainty
Since its announcement, the Barossa gas project has made the news due to legal disputes over its environmental impact, delays, and rising project costs. In the latest blow, prominent investors and financiers are pulling out their support for the project, leaving question marks about the project's future financing and completion.
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.
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