Global LNG Exporters Target Cambodia's 900-MW First Gas Plant as Asian Spot Prices Top $21
Updated
Updated · OilPrice.com · Jul 24
Global LNG Exporters Target Cambodia's 900-MW First Gas Plant as Asian Spot Prices Top $21
3 articles · Updated · OilPrice.com · Jul 24
Summary
Cambodia is drawing supply interest from the United States, Australia, Canada and several Southeast Asian countries for its first LNG-fueled power plant, Energy Minister Keo Rottanak said.
The 900-MW project is part of Phnom Penh’s push to diversify its energy mix, with Rottanak casting LNG as a long-term complement to a system still reliant on hydrocarbons despite a large renewable share.
Asian LNG costs remain a hurdle: the Japan-Korea Marker jumped above $21 per million British thermal units earlier this month after renewed Persian Gulf fighting.
QatarEnergy’s extension of force majeure at Ras Laffan into mid-October has kept supply concerns alive, giving rival exporters an opening as new LNG capacity—much of it in the United States—intensifies competition for buyers.