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Global liquefied natural gas demand is expected to reach nearly 700-million tons a year by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power demand, Shell says in its 2026 LNG Outlook published on June 30. South and Southeast Asia will account for around 40% of global LNG imports by 2050 as countries seek to meet rapidly growing energy demand, while about 180-million tons a year of new LNG supply is forecast to enter the market by 2030.
Strait of Hormuz disruption exposes Southeast Asia energy security risks as oil demand fallsDisruptions to oil and gas flows through the Strait of Hormuz have drawn attention to structural risks in Southeast Asia's energy sector, with stronger action required to bolster energy security and affordability, the International Energy Agency says on June 29. Global oil demand fell by about five-million barrels a day in the second quarter compared with a year earlier, while China's crude oil imports plunged by 40% between February and May, helping to ease wider pressures in the global market.
Southeast Asia Updates
Global liquefied natural gas (LNG) demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power...
With oil prices having eased substantially in recent weeks following an interim agreement between the US and Iran in mid-June aimed at curtailing hostilities, regional maritime and military...
Delays to green steel projects are growing and government support is far short of what is needed, jeopardising the industry's drive to cut emissions, steel associations warned at an annual meeting...
Australia's iron-ore miners emphasised on Tuesday how growing steel demand in India and Southeast Asia would help offset the stagnating market in top customer China, where they also face pressure...
Atlas Copco has expanded its DrillAir portfolio of portable air compressors with the launch of a solution designed for demanding drilling applications in Africa, Australia and New Zealand, Central...
As renewable power reach increases and electricity systems face growing pressure from electrification, energy security concerns and shifting demand patterns, both grid infrastructure and battery...
Indonesia's plan to route coal exports through a state firm has rattled traders and miners in the world's largest exporter over its viability, at a time when liquefied natural gas (LNG) supply...
Nickel miner PT Vale Indonesia has secured a $750-million sustainability-linked loan facility, including a $250-million greenshoe option, marking its debut in the syndicated loan market and...
By Anton Hanekom, Executive Director: Plastics SA The global polymer market is currently undergoing significant disruption, driven by ongoing geopolitical tensions in the Middle East and their...
Ongoing tensions in the Middle East have resulted in sharp increases in feedstock costs and unprecedented volatility in polymer pricing worldwide. As polymers are derived primarily from...
Governments and airlines are sounding increasingly urgent alarms about diminishing jet fuel supplies and soaring prices due to the Iran war, as Lufthansa grounded planes, Nigerian carriers...
BHP Group, the world’s largest mining company, expects the global potash market to tighten over the next decade as demand grows and geopolitical risks strain fertilizer supply chains. With demand...
Iron-ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday. The US-Israeli war on...
Consultancy Wood Mackenzie (WoodMac) has reported that its analysis indicates that the Middle East conflict could disrupt 200-million tonnes a year of forecast Asian liquefied natural gas (LNG)...
Infrastructure and contract mining group Aveng has reported higher gross earnings of A$69.4-million for the six months ended December 31, compared with the prior half-year's gross earnings of...
The need for rapid development and delivery of heating, ventilation and air-conditioning (HVAC) units, and climate-control systems for military use is well known. However, the geopolitical issues...
British International Investment (BII), the UK’s impact investor and development finance institution, has announced that it will be an anchor investor for the Allianz Credit Emerging Markets (ACE)...
Global coal demand is on course to rise by 0.5% in 2025, reaching a record 8.85-billion tonnes, the ‘Coal 2025’ report published by the International Energy Agency (IEA) shows. Nevertheless, the...
The International Energy Agency (IEA) has declared that the “Age of Electricity is here” in its latest World Energy Outlook, which again underlines that electricity demand will grow much faster...
Indonesia's plan to retire 6.7 gigawatts of coal-fired power plant capacity by 2030 to fight climate change is at risk of failure due to stalled disbursal of funding from rich countries, the...
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