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Jakarta Post

LNG takes on coal in ASEAN’s energy mix

  • Shah Suraj Bharat

Jakarta   /   Wed, May 22 2019   /  01:29 am

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 million tons by 2030, ac...