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. “The continued expansion of LNG import infrastructure risks deepening exposure to the same supply disruptions and price volatility the crisis…