Southeast Asia Keeps Building Gas Plants Despite Hormuz LNG Shock

Countries in Southeast Asia are still building natural gas-fired power plants despite the price inflation in gas caused by the Middle East war. Asian countries are also building more LNG import capacity, Global Energy Monitor reported.

The net-zero think tank said there was some 100 GW in new gas-fired power generation capacity under construction across the region and 70 GW in LNG import capacity.