LNG

Fitch Rating reckons utilities in Asia Pacific can only a absorb a “short-lived fuel-supply disruption” linked to the Iran conflict. KEPCO and KOGAS rely heavily on imported LNG, so sustained shortages persist will weigh heavy on utilities balance sheets, analysts warn.

Investments in North American natural gas infrastructure – notably LNG terminals – run the risk of becoming stranded assets after 2040 as accelerated decarbonisation reduces LNG demand in Europe, Asia Pacific and China, DNV warns.