Asia's spot LNG market is being supported by unprecedented LNG demand from North Asia, especially China, where economic activity has been relatively robust in 2021 on the back of recovery from the pandemic.

Thermal coal imports in April were at 16.239 million t, a growth of 40.10% over the 11.591 million t imported last April 2020 and a 26.31% growth over the 12.856 million t imported in March 2021.

China's installed wind and solar capacity has surged in recent years from 174 GW in 2015 (131 GW of wind and 43 GW of solar) to 535 GW in 2020 (281 GW of wind and 253 GW of solar),

The statement came in line with the summit between South Korean President Moon Jae-in and U.S. President Joe Biden held at the White House on Friday.

This will inevitably increase China's demand for natural gas, including LNG, and boost prices for spot LNG cargoes, similar to the demand surge seen in the winter of 2020-21.

Karachi unit 3 - which like unit 2 is also an 1100 MW Hualong One unit supplied by China National Nuclear Corporation (CNNC) - is expected to generate electricity early next year,

Situated in the city of Lianyungang in China’s Jiangsu province, the Tianwan nuclear power plant is the biggest example of Russian-Chinese economic cooperation, Rosatom said.

SB Energy India has a total renewable portfolio of 4,954 MW across four states in India

The last national electricity plan of 2018 predicts a renewable energy capacity of 275GW by 2027, with plans for significant coal capacity additions (to the order of 50GW) during 2017-2022 as well as 2022-27.

The development follows the Indian and French governments signing the Industrial Way Forward Agreement on 10 March 2018 to enable cooperation between the two countries, thereby improving the energy sector and economies through knowledge and technology sharing.

Taiwan is expected to develop a total of 9 GW of offshore wind between 2026 and 2031 and 6 GW between 2032 and 2035.

“Officials in the Philippines have endorsed a rapid buildout of LNG import infrastructure due to the anticipated depletion of the Malampaya deepwater development, the country’s only domestic source of natural gas, and high GDP growth expected over the next decade,”

Currently, renewables form 10% of India’s total power generation and that share will increase to 31% by 2030 with 450GW coming online.

Among countries, Russia, China, and Oman would be the top three countries globally for new build and expansion small-scale liquefaction capacity additions by 2025.

South Korea is expected to allocate 4 GW of solar capacity 2021 across two tenders. The second tender should take place in October 2021.