{"id":445528,"date":"2021-10-27T08:44:15","date_gmt":"2021-10-27T03:14:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=445528"},"modified":"2021-10-27T09:54:42","modified_gmt":"2021-10-27T04:24:42","slug":"new-asian-gas-projects-create-379-bn-stranded-asset-risk-report-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/new-asian-gas-projects-create-379-bn-stranded-asset-risk-report-2\/","title":{"rendered":"New Asian gas projects create $379 bn stranded asset risk: Report"},"content":{"rendered":"<p>A planned $379 billion expansion of gas infrastructure in Asia risks becoming stranded assets as the world turns away from fossil fuels, a new report by the San Francisco-based Global Energy Monitor (GEM) said on Tuesday.<\/p>\n<p>The gas build-out undermines pledges by several Asian countries to achieve net zero emissions as part of a transition to renewables by mid-century, and it is occurring despite a June 2021 warning by the International Energy Agency that achieving net zero globally depends on halting all future fossil fuel development.<\/p>\n<p>The key findings of the report include the $379 billion in new gas infrastructure in Asia includes $189 billion of gas-fired power plants, $54 billion of gas pipelines, and $136 billion of new liquefied natural gas (LNG) import and export terminals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A planned $379 billion expansion of gas infrastructure in Asia risks becoming stranded assets as the world turns away from fossil fuels, a new report by the San Francisco-based Global Energy Monitor (GEM) said on Tuesday. The gas build-out undermines pledges by several Asian countries to achieve net zero emissions as part of a transition to renewables by mid-century, and it is occurring despite a June 2021 warning by the International Energy Agency that achieving net zero globally depends on halting all future fossil fuel development. The key findings of the report include the $379 billion in new gas infrastructure [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-445528","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=445528"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445528\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=445528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=445528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=445528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}