ASEAN Energy Crisis: From Fossil Frailty To Infrastructure Prowess
Southeast Asia is facing an energy crisis exacerbated by the blockade of the Strait of Hormuz, leading to skyrocketing LNG prices. Governments are now urgently pivoting towards renewable energy sources to ensure energy security and reduce dependency on fossil fuels. This shift reflects a broader trend in the region to develop sovereign infrastructure and mitigate geopolitical risks associated with energy imports.
- ▪LNG prices in Southeast Asia have doubled from $10-$12 to $20.80 per MMBtu due to the Gulf conflict.
- ▪The Asian Development Bank has reduced its regional growth forecast from 5.1% to 4.7% as energy prices impact various sectors.
- ▪Governments are increasingly investing in renewable energy to avoid reliance on long supply chains and external geopolitical influences.
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BusinessEnergyASEAN Energy Crisis: From Fossil Frailty To Infrastructure ProwessByKen Silverstein,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Ken Silverstein analyzes the Energy Transition, AI and GeopoliticsFollow AuthorMay 17, 2026, 08:45am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.CEBU, PHILIPPINES - MAY 08: (L-R) Myanmar Permanent Secretary of the Ministry of Foreign Affairs U Hau Khan Sum, Malaysian Prime Minister Anwar Ibrahim, Thailand Prime Minister Anutin Charnvirakul, Timor-Leste Prime Minister Xanana Gusmao, Vietnam Prime Minister Le Minh Hung, Philippine President Ferdinand Marcos Jr., Singapore Prime Minister Lawrence Wong, Brunei Sultan Hassanal…
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