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Southeast Asia's $220 bln gas expansion strategies could slow energy transition, GEM says

Southeast Asian nations are preparing to invest as much as $220 billion on a quick natural gas expansion program that might slow the area's. tidy energy transition, research by Global Energy Monitor (GEM). revealed on Thursday.

If all the organized tasks go ahead, they could raise. Southeast Asia's gas-fired power capability by more than 100. gigawatts (GW), doubling the present level, and raise melted. gas (LNG) imports into the region by 80%, according to. information put together by GEM.

Energy need is increasing across Southeast Asia as. economies grow, but ramping up gas production is not a long-lasting. solution, said Warda Ajaz, who runs GEM's Asia Gas Tracker. task, adding much of the increased need could be fulfilled by. renewables.

Experts approximate that more than 1,000 companies are. presently building new gas infrastructure all over the world. Around 65% of brand-new gas-fired power capacity is being integrated in. Asia.

Vietnam alone has 44 GW of gas power in advancement, too. as 12.1 million metric heaps per year of LNG import capability, GEM. stated.

Proponents of natural gas describe it as a transition fuel. that enables establishing countries to produce financial growth. without needing to rely on dirtier and more carbon-intensive. coal.

Nevertheless, critics state the environment impact of gas is also huge,. particularly when it leaks into the environment, with methane a. significantly more powerful greenhouse gas than CO2.

Challengers also alert that nations developing brand-new facilities. are at threat of being lumbered with billions of dollars worth of. stranded possessions.

To be on track to bring emissions to net absolutely no by 2050,. gas need requires to fall from more than 4 trillion cubic. metres in 2022 to 3.4 trillion by the end of this years, the. International Energy Firm said in 2015.

(source: Reuters)