ESG and risk pose Apac LNG-to-power funding challenges
Lenders and insurance brokers see huge regional variation across the Asia-Pacific region in terms of funding for LNG-to-power projects, panellists said at Petroleum Economist’s LNG to Power Forum Apac
Some banks are still supporting LNG-to-power projects as a transition step towards net zero—particularly for the carbon savings relative to coal—Derrick Tan, director at Japanese financial services institution SMBC, said at Petroleum Economist’s LNG to Power Forum Apac event in mid-May. However, he cautions that “most banks are focusing more on renewables”, as mid-century net-zero goals loom. On the increasing importance of ESG for banks, there has been a growing focus in recent years not just on the question of cutting emissions, but also on “how [projects] help the drive towards net zero”, Eddy Tan, executive director for project finance at DBS Bank, told the forum. Nevertheless, gas is st
Also in this section
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region
14 May 2024
The former CEO of Pioneer, Scott Sheffield, has opened a can of worms through his association with OPEC+ and its market management strategy
13 May 2024
OPEC+ has huge amounts of spare capacity amid a tightening market, but nothing can be taken for granted given unclear economic trajectories and geopolitical unrest