IEEFA: $67.8B Asian LNG Power Projects Scrapped or Stalled Since 2021

IEEFA reports that over half of proposed LNG-to-power projects in the Philippines, Vietnam, Thailand, and Bangladesh, totaling $67.8 billion, have been scrapped or stalled since 2021 due to rising costs and financing risks. This signals a slowdown in LNG demand growth in key Asian markets, potentially easing global LNG price pressure and affecting project financing dynamics.

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