South and Southeast Asia to drive LNG demand growth

The region needs LNG to power developing economies

Power demand in South and Southeast Asia is growing at a blistering pace to meet the needs of its emerging nations. In recent years, coal has been the fuel of choice—being abundant and inexpensive—but this is at odds with the rise of sustainability, especially given growing concerns about climate change. What are the alternatives? Renewables-based systems are attractive, but they are not always suitable for countries that face scarcity in terms of land use. Furthermore, renewable technology is still unable to fully substitute predictable baseload power generation. Gas is increasingly seen as a necessary transition fuel toward a lower-carbon pathway—one that will not impinge on the region’s m