Southeast Asia is expected to deliver less than onethird of its planned gasfi red power capacity by 2030, as turbine shortages, fi nancing diffi culties, LNG infrastructure constraints and volatile fuel prices slow project development, according to Wood Mackenzie.
Governments across six major regional power markets have targeted around 53 GW of new gasfi red capacity by 2030.
However, Wood Mackenzie expects only 14.9 GW to become operational this decade.
Only about 11 GW of the planned gas-to-power pipeline has secured gas turbines, while projects without confi rmed equipment could face delivery lead times of at least fi ve years.
The region’s electricity demand is projected to grow 2.4-fold by 2050, driven by industrial expansion, manufacturing diversification , semiconductor and electronics investment, and the rapid growth of largescale data centers.
Gas demand from the power sector is expected to more than double between 2026 and 2050