Despite LNG supply disruptions via the Strait of Hormuz and higher gas prices
from the Middle East war, Southeast Asian countries are continuing to build
gas-fired power plants and expand LNG import capacity, Global Energy Monitor
said. The net-zero–focused think tank estimates roughly 100 GW of new gas-fired
generation and about 70 GW of additional LNG import capacity are under
construction in the region. Global Energy Monitor warned that continued
expansion of LNG import infrastructure could heighten vulnerability to supply
interruptions and price volatility exposed during crises. It added that
Southeast Asia could raise domestic gas output to reduce LNG dependence, but
that would take time.
