Gas Shortages and High Prices Derail Southeast Asia’s Power Buildout

Southeast Asia is falling short of its ambitious projects to boost gas-fired power generation to meet growing electricity demand and replace some of the coal use. Fuel availability, volatile prices, and supply chain bottlenecks threaten to drive up costs and delay projects by years, energy consultancy Wood Mackenzie says. Six of the biggest Southeast Asian economies and power markets – Indonesia, Malaysia, Vietnam, Singapore, Thailand, and the Philippines – are set to deliver only a third of their combined planned gas-fired power capacity…