SINGAPORE: South-East Asian countries are planning to invest as much as US$220bil on a rapid natural gas expansion programme that could slow the region’s clean-energy transition, research by Global Energy Monitor (GEM) shows.
If all the planned projects go ahead, they could raise South-East Asia’s gas-fired power capacity by more than 100 gigawatts (GW), doubling the current level, and raise liquefied natural gas (LNG) imports into the region by 80%, according to data released by GEM yesterday.
