South-east Asia’s LNG hunger sparks caution over volatile prices, infra gaps
Observers call for faster shift away from ‘roller coaster’ fuel after major supply disruptions
[SINGAPORE, BANGKOK] South-east Asia’s demand for liquefied natural gas (LNG) is expanding even in the wake of the US-Iran war, but concerns loom over price volatility and infrastructure gaps, industry players and analysts told The Business Times.
Leong Wei Hung, CEO of gas terminal operator Singapore LNG Corp (SLNG), sees the fuel as a “mainstay of the region’s energy mix for years to come” – a view that analysts echo.
The fuel “will very much remain a key part of South-east Asia’s energy mix as it is still the cleanest and most widely available fossil fuel”, said Lee Rou Urn, Asia LNG pricing analyst at Argus.
