The think tank Global Energy Monitor has published data showing that Southeast Asia is developing over 100 GW of gas-fired power generation capacity and 70 million tons of LNG import capacity, despite growing supply risks highlighted by the ongoing war in the Middle East.
In the report, GEM said: “The continued expansion of LNG import infrastructure risks deepening exposure to the same disruptions and price volatility the crisis has brought to the fore.” It adds that the build-out assumes that LNG imports will remain available and competitive, and that domestic supplies can fill the gap when shipments are disrupted.
The report says that Thailand and Vietnam have both started to reduce their exposure to LNG supply risks, and that the Philippines has shelved or cancelled 11.2 GW of gas power capacity from H2 2025 to H1 2026, although 13.8 GW remained in development.