Asia may need to invest $1 trillion a year in energy for the next 15 years to avoid another shock, per McKinsey. The Hormuz closure hit Asia hardest: 80% of the strait's oil and 90% of its gas went there. #Asia#EnergySecurity#Hormuz#LNG
Asia needs $1 trillion a year in energy investment over the next 15 years, McKinsey says, and will drive about 70% of global energy demand growth through 2040. Coal still supplies over 50% of its power as solar surges. #Asia#Energy#Coal
Shell and partners approved LNG Canada Phase 2, doubling capacity to 28 mtpa. With Cedar LNG and Woodfibre, Canada could export 33 mtpa by 2030, offering Asia Pacific cargoes that avoid Middle East chokepoints. #LNG#Canada#NaturalGas#Asia
Asia needs up to $1 trillion a year in energy investment through 2040 to meet demand and cut its exposure to Hormuz-style disruptions, McKinsey says. That's $15 trillion, as the region drives about 70% of global demand growth. #Energy#Asia#Oil
Strathcona wants to ship up to 250,000 bpd of crude to Asia by rail and a new Prince Rupert terminal, with exports possible within two years. The catch: it needs Ottawa to carve an exception to B.C.'s tanker ban. #Oil#Canada#Crude#Asia
