The infrastructure investments required to build and integrate new energy across ASEAN markets requires new innovative partnerships.
ASEAN is building new LNG Terminals and is expected to be a major LNG importing region. Destination-free terms have been regarded as the game changer allowing for a more liquid and spot-oriented market. How will these trends impact the development LNG Hubs being set up across our region?
The LNG hub model focused on building value-adding services, is emerging as the new go-to strategy with plans for new LNG terminals popping up all over ASEAN markets. Given the huge cost and project complexity, how can project sponsors exercise improved asset utilization and agile value chain management?
With its deep natural gas reserves, extensive coastline, and relative proximity to Asian markets, Canada is naturally positioned to become a LNG supply leader to ASEAN markets. New greenfield LNG projects are attracting Asian investors and these partnerships are forging new opportunities for Canadian LNG business.
LNG is the new kid on the block for a clean base power strategy. While LNG is certainly attractive from the decarbonising perspective, implementing the strategy is expensive and dependent upon LNG prices remaining low against the other options. Some question whether building the LNG infrastructure is sensible given the surge in more cost-effective renewable power.