Southeast Asia's growth, energy transition to rely on gas access

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Southeast Asia's future economic growth and commitments to net-zero emissions goals will weigh heavily on the region's access to affordable natural gas, a study released this week showed. Paul Everingham, chief executive officer of the Asia Natural Gas and Energy Association (ANGEA), said last year's sky

Southeast Asia's future economic growth and commitments to net-zero emissions goals will weigh heavily on the region's access to affordable natural gas, a study released this week showed.

"Unless there is additional gas put into the Asia Pacific, and most likely from North America," said Everingham,"South East Asia will likely remain energy poor and won't achieve its growth or GDP target over the next 30 to 40 years," he added, referring to the study's findings. China is expected to continue a major importer of LNG as it reduces its investment in overseas coal and increases its regasification and storage capacity. The nation could seek to take equity stakes in LNG production to secure future supply, he said.

 

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