LNG

Japan’s resale of US LNG to other countries in Asia – notably South Korea, China and India – has generated emissions equivalent to roughly 17 coal plants a single year, Zero Carbon Analytics’ (ZCA) latest report finds.

Southeast Asian countries with historically low gas storage levels have resorted to panic buying of spot LNG cargoes. Analysts warn a “vicious feedback loop” could weaken domestic purchasing power and further exacerbate energy price inflation.

US-Israeli air strikes against Iran has exposed Asia’s vulnerability to imported LNG and the lack of energy self-sufficiency through domestically generated clean energy. China, India, Japan and South Korea account for 75% of oil and 59% of LNG flows through the chokepoint.