The stalemate in the Strait of Hormuz is forcing a re-think of LNG-to-power projects in Southeast Asia, particularly in Vietnam and the Philippines, threatening to break the “gas bridge” narrative.
China remains tied to global fuel markets despite its diversification into renewable energy, which poses a significant risk in the context of continuing Hormuz disruption.
Hormuz disruption is driving up freight costs, insurance premiums and spot LNG prices, building pressure on import-dependent power systems in South Asia.
As the Iran conflict entered its third week and the Strait of Hormuz remained at least partially closed, the toll on LNG markets intensified.
Asian LNG demand is already feeling the effects of the war in Iran, with around 80% of Qatari production sold to buyers in Asia-Pacific.
State-run Petrobangla has ramped up LNG procurement to offset declining output from local fields and to avoid power shortages.
Australia’s gas reserve debate has resurfaced as east coast prices remain elevated despite the country’s position as one of the world’s top LNG exporters.
India is actually electrifying faster than China did at a comparable stage of economic development, according to a new report.
New Japanese PM Sanae Takaichi is caught between Russian LNG supply, U.S. political pressure and domestic power cost fears.
As new Pakistani LNG import terminals expand capacity, local officials now fear a glut could overwhelm distribution and undermine already fragile fiscal balances.