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

AI Summary

Southeast Asia's ambitious plans to expand gas-fired power generation are being delayed due to gas shortages, high prices, and supply chain issues. Major economies including Indonesia, Malaysia, and Vietnam are expected to deliver only a fraction of their planned capacity, risking energy shortfalls.

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…