IEEFA $67.8 Billion in Asian LNG Power Projects Scrapped or Stalled

OilPrice.com · Michael Kern · 2026-11-05 14:30 UTC

IEEFA says $67.8 billion in LNG-to-power projects across the Philippines, Vietnam, Thailand and Bangladesh have stalled or been scrapped since 2021.

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More than half of proposed LNG-to-power projects, worth a total of $67.8 billion, in four key Southeast Asian markets have been either scrapped or stalled since 2021, amid rising costs that raise risks for project financing, the Institute for Energy Economics and Financial Analysis (IEEFA) said in a report on Thursday.

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