IEEFA: $67.8 Billion in Asian LNG Power Projects Scrapped or Stalled
More than half of proposed LNG-to-power projects, worth a total of $67.8 billion, in four key Southeast Asian markets have been either scrapped or stalled since 2021, amid rising costs that raise risks for project financing, the Institute for Energy Economics and Financial Analysis (IEEFA) said in a report on Thursday. The five-year analysis of $109.2 billion worth of proposed LNG-fired power projects and another $21 billion worth of planned LNG import terminals in the Philippines, Vietnam, Thailand, and Bangladesh showed that as many as 49 proposed…