--- title: IEEFA Asia Newsletter (November 2026) | Latest research and analysis on Asia's energy transition --- Our IEEFA Asia newsletter is dedicated to bringing you the latest research, analysis, and commentary from our expert energy finance analysts at IEEFA. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­    ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­   | View in browser IEEFA Asia Newsletter Welcome Dear IEEFA Asia Community, After the energy price and supply shocks of 2026, Asian governments face a conflicting choice: commit to more imported liquefied natural gas (LNG) or accelerate domestic renewables that can insulate their economies from volatile fuel markets. Meanwhile, investors need credible data to evaluate the risks of each path. This month’s research examines the growing list of canceled LNG projects in Asia, Vietnam’s case for domestic solar and wind, and South Korea’s proposed disclosure framework. Key findings include: Rising costs and financing risks have derailed more than half of proposed LNG-to-power projects and import terminals across the Philippines, Vietnam, Thailand, and Bangladesh. IEEFA surveyed 92 proposed LNG-fired power projects worth an estimated USD109.2 billion and 44 LNG import terminals valued at USD21 billion. Of these, 49 proposed LNG-fired power plants and 22 regasification terminals were canceled or stalled between 2021 and 2026, with an estimated total value of USD67.8 billion. This is nearly 4.5 times the value of projects completed during the same period. Vietnam's revised Power Development Plan VIII (PDP8) targets 22.5 gigawatts (GW) of LNG-fired capacity by 2030. IEEFA estimates that the LNG imports required could increase the energy import bill by around 66–106%. Utility-scale solar can generate electricity at 51–60% below Vietnam’s LNG-fired electricity tariff ceiling, while onshore wind is 58–69% cheaper, strengthening the case for greater investment in domestic renewables. In South Korea, the proposed environmental, social, and governance (ESG) disclosure framework marks progress toward mandatory sustainability reporting, but gaps in disclosure requirements and delayed assurance risk undermining data reliability. IEEFA recommends pairing it with measures to support sustainable finance. A robust measurement system, sector-specific Scope 3 guidelines, and an expanded Life Cycle Inventory (LCI) database can support high-quality disclosure, while incentives and a mandatory green taxonomy could facilitate financing for sustainable activities. Warm regards, Paige Nguyen Director, Asia Institute for Energy Economics and Financial Analysis Latest Releases Engagement Updates IEEFA Around the Globe IEEFA Australia: Green iron exports: Australia must look beyond China (15 October) IEEFA South Asia: Sustainable finance for a just transition in Odisha (15 October) IEEFA North America: Hydrogen and carbon capture and storage (CCS) in water-stressed Texas (6 October) IEEFA Europe: Indonesia must learn from the 2025 Iberian blackout (5 October) Media Highlights Other media highlights: Nikkei Asia: Sumitomo aims to expand battery energy storage in Japan with UK experience Financial Times: The future energy mix Asian Power: Vietnam LNG power costs exceed tariff ceiling by 46% The Jakarta Post: Solar panel industry urged to pivot as US market turns unviable The Business Times: South-east Asia’s LNG hunger sparks caution over volatile prices, infra gaps Politico: Democrat breaks away on pipelines Gas Outlook: Why gas is still central to China’s economic plans FDI Intelligence: Can Vietnam become a green manufacturing powerhouse? Sustainability Online: South Korea’s proposed ESG disclosure framework lacks urgency PV Tech: South Korea picks solar, battery and EVs as key sectors in US$747 billion Green Industrial Plan Vietnam Finance: Vingroup muốn bỏ điện khí LNG, Samsung mua điện sạch: Tín hiệu gì cho thị trường năng lượng? Lestari Kompas: Target PLTS 100 GW Butuh Perencanaan Ketenagalistrikan yang Lebih Transparan Bisnis Indonesia: Dua Tahun Prabowo-Gibran, Tantangan Swasembada Energi yang Terkendala Eksekusi Copyright © 2026 Institute for Energy Economics and Financial Analysis, All rights reserved. Our mailing address is: PO Box 472 Valley City, OH 44107 You received this email because you are subscribed to Asia newsletter from Institute for Energy Economics and Financial Analysis. Update your email preferences to choose the types of emails you receive. Unsubscribe from all future emails | | --- |