Southeast Asia Picks Gas Over Green Hype as Power Demand Surges ...Middle East

OILPRICE - Economy
Southeast Asia Picks Gas Over Green Hype as Power Demand Surges
Natural gas is gradually going to overtake coal and crude oil as the biggest source of primary energy in Southeast Asia, with a share of 30% by 2050. This is according to a new Wood Mackenzie report, which has become the latest to admit the inevitable: hydrocarbons will be around for much longer than transition advocates want. Currently, Southeast Asia is partial to coal-powered generation thanks to abundant local resources and price considerations. Also, demand for electricity has been on a strong rise in the region, prompting more coal power…

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