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Asia’s $350 Billion Gas Buildout Stirs Energy Debate

  • Region’s projects are triple the investments planned in Europe
  • China and emerging economies make Asia an LNG growth center
Storage silos at the liquid natural gas terminal at the Yangshan Deep Water Port in Shanghai, China.

Storage silos at the liquid natural gas terminal at the Yangshan Deep Water Port in Shanghai, China.

Photographer: Qilai Shen/Bloomberg
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Asia is pumping billions of dollars into new gas infrastructure, making the region pivotal in a debate over the role of the fossil fuel as the world aims to curb emissions.

The region has more than $350 billion of projects under way to expand liquefied natural gas terminals, gas-burning power plants and pipelines -- triple the estimated investment for Europe -- according to data from Global Energy Monitor.