LNG-to-power in Asia faces project setbacks that challenge demand growth expectations

LNG-to-power in Asia faces rising costs and prolonged development timelines, raising questions about how quickly emerging markets can absorb additional LNG supply. Across the Philippines, Vietnam, Thailand and Bangladesh, projects representing more than half of proposed power generation capacity were cancelled, withdrawn or inactive between 2021 and 2026. Fuel price volatility, turbine shortages and currency pressures continue to complicate investment […]