Dear IEEFA Asia Community,
Our Energy Finance Summit in Bangkok is just days away. The one-day, in-person event on Wednesday, 7 October, part of Bangkok Climate Action Week, will bring together experts in energy, finance, policy, and civil society to discuss energy security in emerging Asian markets, bankable grids and storage, and the future of climate finance in Asia. We look forward to seeing many of you there.
This month's research highlights China’s growing role as a global liquefied natural gas (LNG) reseller. IEEFA estimates that China resold 17–19 million tonnes of LNG in 2025, while Chinese companies earned USD4.6 billion reselling United States (US) and Australian cargoes between 2021 and mid-2026. These resales could deepen global LNG oversupply.
Our team also examined other key issues shaping Asia’s energy transition:
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Southeast Asia's fossil fuel import bill could triple to USD245 billion by 2035. A 450-gigawatt (GW) solar and wind buildout could save the region USD8.2 billion in foreign exchange each year.
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South Korea is targeting around 4GW of new offshore wind capacity a year, a pace unprecedented globally. Government-led site selection, single-window permitting, and flexible tariffs could build developer confidence.
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Japan reduced the budget for a fuel ammonia subsidy program by more than half after funded projects missed key milestones. The cut casts doubt on the country's co-firing targets.
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In Indonesia, the national electricity utility, PT Perusahaan Listrik Negara (PLN), delivered 26% of its 2025 transmission target under the Electricity Supply Business Plan (RUPTL), but 112% of the target set under a separate performance contract. A single, transparent benchmark would strengthen accountability.
Warm regards,
Paige Nguyen
Director, Asia
Institute for Energy Economics and Financial Analysis
