Solar, wind and batteries squeeze Asia’s LNG demand outlook
Rising renewable capacity and cheaper batteries are weakening the investment case for LNG import terminals and gas-fired generation, with Ember signalling out China as the clearest example of that shift.
Overcapacity weighs on prices of oil, LNG, clean energy technologies
Prices for fossil fuels and clean energy technologies are falling as overcapacity builds. “Oil prices have already come under pressure (…) and the same will soon be true in natural gas markets, as the wave of new LNG export projects start operations,” said Fatih Birol, executive director of the International Energy Agency (IEA).
Japan’s LNG-burn falls again on nuclear power rebound
Energy import-dependent Japan has again lowered LNG-burn for power generation to the lowest levels in a decade due to high fuel prices and robust recovery of nuclear baseload power. Japan’s nuclear reactors generated the highest electricity output since the 2011 Fukushima disaster while gas-fired generation fell 25% in the first half this year.
