Emerging Asia LNG Demand Slips as Renewables Grow

Emerging Asia is reducing its reliance on liquefied natural gas for power generation amid supply constraints and cheaper renewables. Countries are accelerating clean energy to cut import dependency.

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FILE PHOTO: A Singapore LNG terminal is pictured at Jurong Island in Singapore July 15, 2019.  REUTERS/Edgar Su/File Photo

Emerging Asia is slowing its Natural Gas import terminal buildout as cheaper renewables and equipment shortages derail power projects. The shift threatens to upend long-term demand projections across the region. Regional policymakers are rethinking energy transition pathways amid price shocks and supply chain bottlenecks.

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