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
source : OILPRICE ( Middle East ) () 79
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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