Cambodia energy storage tank price

How much does LNG cost in Cambodia?

However, prices have rarely fallen this low, as exporters typically require a selling price of US$7-8/MMBtu to recover production costs. As of August 2024, LNG prices in Asia were roughly US$14/MMBtu, and Cambodia could pay above-market rates given its small demand, uncertain LNG requirements, and inexperience with LNG procurement.

Why is Cambodia struggling to access affordable LNG supplies?

Other countries in the region, reliant on LNG imports, have seen global market disruptions impair energy security and affordability. As a potential new market entrant with limited bargaining power, uncertain gas requirements, and a lower demand profile, Cambodia could struggle to access affordable LNG supplies.

Will LNG compete with other energy sources in Cambodia?

Even if global prices fall, LNG is highly unlikely to compete with other sources of energy in Cambodia, including solar, wind, hydropower, and coal. Cambodia is especially likely to pay above-market rates for its LNG supplies as a potential new market entrant with limited bargaining power, uncertain LNG requirements, and lower demand.

Should Cambodia integrate a 900 MW liquefied natural gas power plant?

Cambodia's plan to integrate a 900-megawatt (MW) liquefied natural gas (LNG)-fired power plant into its electricity system is a risky proposal. Other countries in the region, reliant on LNG imports, have seen global market disruptions impair energy security and affordability.