High LNG Prices Threaten Plans to Open New Markets
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Article by:
Clara Tan, Energy Intelligence
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Date Published:
March 22, 2022
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Who was cited:
Edmund Siau, Lead Analyst - FGE Singapore
High and volatile prices could threaten the opening of new Asian markets planning to start LNG imports this year to displace coal and offset declining indigenous production. With concerns growing about energy security, governments may instead decide to bolster domestic output, keep coal plants open, and accelerate the shift toward renewables and nuclear.
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