March 25, 2021 Read More →

LNG export emphasis threatens rise of renewables in Asia

Natural Gas World ($):

There has been a concerted effort by the US gas industry to push LNG onto developing Asian nations. This has the potential to impact renewable energy investment across the continent, according to a March 22 report by the Institute for Energy Economics and Financial Analysis (IEEFA).  In Bangladesh, the government is likely to scrap nine coal-based power projects, according to local media reports. Similarly, Vietnam’s new draft long-term energy plan calls for reduced coal use and an increased focus on LNG, but at the expense of solar power development.   The IEEFA report argues that developing Asian nations would benefit from a switch in focus away from more lengthy, large-scale hydrocarbon-fuelled power additions and towards grid and battery storage investment.

[Shardul Sharma]

More: Coal-to-Gas Switch in Asia Threatens Renewables: IEEFA

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