Lock-in ng Gas sa Asya
Summary
The report identifies a massive planned expansion of gas infrastructure in Asia, totaling US$379 billion, which includes 320 GW of power plants, 63,000 km of pipelines, and 452 mtpa of LNG import capacity. It argues that this expansion would consume approximately one-quarter of the global carbon budget required to limit warming to 1.5°C and warns that these projects are economically risky compared to cheaper renewable alternatives. The document highlights the role of public financing from institutions like the Export-Import Bank of China and the Asian Development Bank in sustaining this growth, while urging a shift toward clean energy portfolios.
Key insights
- Asia has plans to invest US$379 billion in new gas infrastructure, comprising US$189 billion for gas-fired power plants, US$54 billion for pipelines, and US$136 billion for LNG import and export terminals.
- The proposed 320 GW of gas-fired power plants in Asia would nearly double the region's gas energy capacity and increase global gas power capacity by one-fifth.
- Asia is the primary driver of the global LNG industry's expansion, with plans for 452 mtpa of new import terminal capacity, representing 70% of the global capacity currently under development.
- The total lifecycle emissions from the proposed gas pipelines and terminals in Asia are estimated at 117 Gt CO2-eq, which is one-quarter of the global carbon budget needed to maintain a 50% chance of limiting warming to 1.5°C.
- China leads planned gas investments in the region with US$131 billion, followed by significant proposed investments in Vietnam, Indonesia, India, Thailand, and Bangladesh.
- Gas infrastructure is increasingly viewed as a financial risk due to the rapid decline in renewable energy costs, which have dropped by over 90% since 2009, potentially turning these projects into stranded assets.
- Public financial institutions provided US$22.4 billion for gas projects in Asia between 2014 and 2018, with the Export-Import Bank of China, Japan Bank for International Cooperation (JBIC), and Asian Development Bank (ADB) as the top funders.
- Renewable energy is presented as a more viable alternative for Asia, as countries like China, India, Vietnam, and Thailand possess solar and wind resources 10 to 100 times greater than their total energy needs.
Cite the original document
- APA
- Rozansky, R. (2021). Lock-in ng Gas sa Asya. Global Energy Monitor. https://globalenergymonitor.org/sites/default/files/migration/reports/GEM_AsiaGas2021_r8_Tagalog-1_11.pdf
- Chicago
- Rozansky, Robert. Lock-in ng Gas sa Asya. Global Energy Monitor, 2021. https://globalenergymonitor.org/sites/default/files/migration/reports/GEM_AsiaGas2021_r8_Tagalog-1_11.pdf.
- Wikipedia
- {{cite report |last1=Rozansky |first1=Robert |title=Lock-in ng Gas sa Asya |publisher=Global Energy Monitor |date=October 2021 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/GEM_AsiaGas2021_r8_Tagalog-1_11.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{rozansky2021lockin, author = {Rozansky, Robert}, title = {{Lock-in ng Gas sa Asya}}, institution = {Global Energy Monitor}, year = {2021}, month = oct, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/GEM_AsiaGas2021_r8_Tagalog-1_11.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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