71 LNG projects worth $67.8 billion classified as cancelled, withdrawn, or inactive

IEEFA’s five-year review of emerging Asia LNG power projects found that 71 of 136 planned LNG power plants and import terminals across the Philippines, Vietnam, Thailand and Bangladesh have been cancelled, withdrawn or classified as inactive, representing an estimated $67.8 billion in project value. The review covered 92 power plant plans and 44 import terminal plans for 2021–2026, with the affected projects comprising 49 power plants and 22 regasification terminals. The findings matter because they signal weaker-than-expected momentum for LNG demand growth in four key emerging Asian markets, leaving a large pipeline of proposed capacity stalled. What to watch next is whether the remaining 65 projects advance toward final investment decisions or join the inactive list as governments reassess gas-fired generation and import infrastructure.