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Jakarta Post

LNG takes on coal in ASEAN’s energy mix

Jakarta   /   Wed, May 22, 2019   /  01:10 pm
LNG takes on coal in ASEAN’s energy mix Tied up: A number of workers stand on the wharf of a liquefied natural gas (LNG) terminal in Benoa Harbor in Denpasar, Bali. The first LNG terminal for floating storage units consisting of two vessels is being operated near a diesel and gas-fired plant (PLTDG), which was developed to supply 200 megawatts of electricity to outer islands. (JP/Zul Trio Anggono)

In a region that has become addicted to coal as a cheap answer to energy shortages, liquefied natural gas (LNG) offers Southeast Asia a welcome alternative that is cost effective and emits half the carbon of the “black pearl”. Demand for energy will grow 70 percent in the ASEAN region between 2017 and 2030, with coal power generation to rise 80 percent in response, the fastest rate for a region in the world, according to the International Energy Agency. LNG, however, is taking coal head-on in the region that is expected to become a major gas consumer over the next decade. LNG has become increasingly attractive with prices falling to a three year low of US$4 per million British thermal units in April. Behind falling prices is a glut in supply. Global demand for LNG in the last 12 months rose 8.5 percent to 380 million tons, with further demand expected to add 167 mill...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

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