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Gridwatch

Southeast Asia Leads Regional Coal Pivot As Hormuz Closure Triggers LNG Demand Destruction Across Asia

LNG was adopted across Southeast Asia after 2022 as a hedge against future supply shocks. That hedge has now failed twice. The region is reassessing what energy security actually requires.

IEA Authorizes Record 400-Million-Barrel Emergency Oil Release As Hormuz Closure Cuts Global Supply

No reserve release addresses the LNG gap. For gas-dependent grids in Singapore, Thailand, and the Philippines, the shortage is structural until Hormuz reopens.

Petroleum Association Of The Philippines Tells Power Generators To Prioritize Malampaya Gas As LNG Prices Double

At a March 11 Senate hearing, the Petroleum Association of the Philippines cited a ₱5.50/kWh gap between Malampaya gas and imported LNG as grounds for shifting fuel priorities amid the global supply crisis.

GE Vernova Commits USD200 Million To Vietnam HVDC Transformer Plant As Asia’s Grid Buildout Accelerates

GE Vernova announced a $200 million HVDC transformer plant in Hai Phong on March 10, making Vietnam only the third country globally to host this manufacturing capability alongside the UK and India.

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