Gas Shortages and High Prices Derail Southeast Asia’s Power Buildout
Wood Mackenzie says only 14.9 GW of 53 GW planned gas capacity will likely start by 2030 as turbine shortages and LNG costs delay projects.
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Gas Shortages And High Prices Derail Southeast Asia's Energy Plans
BANGKOK – Southeast Asia is facing a harsh reality check when it comes to electricity powered by natural gas. The region originally had massive plans to power its booming economies with natural gas. However, soaring costs and global equipment shortages are forcing a sudden change in direction. Today, government officials are realizing that the old […] The post Gas Shortages and High Prices Derail Southeast Asia’s Energy Plans first appeared on C…
Gas Shortages and High Prices Derail Southeast Asia’s Power Buildout
Southeast Asia is falling short of its ambitious projects to boost gas-fired power generation to meet growing electricity demand and replace some of the coal use. Fuel availability, volatile prices, and supply chain bottlenecks threaten to drive up costs and delay projects by years, energy consultancy Wood Mackenzie says. Six of the biggest Southeast Asian economies and power markets – Indonesia, Malaysia, Vietnam, Singapore, Thailand, and the P…
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