Southeast Asia Heat Breaches Records and Prompts Gas Buying
- Record Thai, Philippines temperatures boost cooling demand
- Traders step in with LNG purchases to help avert shortfalls
Pedestrians shade from the sun during high temperatures in Bangkok.
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
Southeast Asia’s severe heat wave is pushing temperatures and power demand to new records, straining grids and prompting traders in the region to bulk up on natural gas cargoes.
More than three dozen districts across Thailand’s 77 provinces have seen record temperatures in April, generally the hottest month of the year, with new highs beating records held as far back as 1958, according to data from the Thai Meteorological Department.