I hope you all had a restful and rejuvenating break.
We launched into 2025 with great momentum, gathering for our IEEFA Asia team retreat in Indonesia. This retreat provided a valuable opportunity to strategize our priorities, identify critical information gaps, and map out the necessary levers to accelerate the energy transition across the diverse spectrum of energy finance in Asia.
A key focus this year is deepening our engagement with all stakeholders in the energy transition ecosystem — from policymakers and financial institutions to industry leaders and civil society. We are committed to fostering knowledge sharing, open dialogue, and potential collaborations that drive meaningful impact. If you’re interested in discussing how we can work together, please don’t hesitate to reach out.
Beyond strategy, our retreat was also a fantastic opportunity to connect, share laughs, and create lasting memories with colleagues who are equally passionate about advancing Asia’s clean energy future.
We started the year strong with a speaking engagement at the World Economic Forum in Davos, where our LNG/Gas Research Lead, Sam Reynolds, highlighted the economic, energy security, and climate risks associated with LNG. Meanwhile, our recent research has uncovered key trends shaping the energy landscape:
Transmission System Constraints & Investment Shortfalls. The global neglect of transmission system expansion and modernization has created a projected investment shortfall of US$320 billion by 2030. Due to electricity grid constraints, countries suffer long queues for bringing renewable energy projects online. In the U.S., 1.6 terawatts (TW) of renewable projects and 1TW of storage, the combined equivalent of double the country’s current installed grid capacity, are waiting for connection slots.
Risks in Cambodia’s LNG Expansion Plans. Cambodia is planning a 900-megawatt (MW) LNG-fired power plant, but lessons from regional counterparts highlight the volatility and affordability risks of LNG imports. Countries across Asia have faced market disruptions that threaten energy security, making it imperative for Cambodia to scale its LNG ambitions carefully.
As we navigate 2025, our commitment remains firm: to deliver critical insights, high-quality research, and data-driven analyses that inform and accelerate Asia’s energy transition.
We are excited about the work ahead and look forward to engaging with you throughout the year. If you’d like to discuss any of our findings or explore opportunities for collaboration, please feel free to connect.
Here’s to a year of impactful progress!
Warm regards,
Paige Nguyen
Regional Director, Asia Institute for Energy Economics and Financial Analysis
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Engagement Updates
Sam Reynolds, IEEFA’s Research Lead, LNG/Gas, Asia (R), attended the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland. He participated in a panel discussion, “Is LNG Worse Than Coal? The economic, climate and safety risks of LNG as part of the energy transition,” organized by SDG Tent. Reynolds was also an expert analyst at a press briefing discussing the economic and climate risks of continued LNG use.
Photo: (L-R) Prof. Tan Sri Dr. Jemilah Mahmood (Sunway Centre for Planetary Health), Prof. Robert W. Howarth (Cornell University), and Sam Reynolds.
Christopher Doleman, IEEFA's LNG/Gas Specialist, Asia, visited Phnom Penh, Cambodia, to discuss the country’s LNG ambitions with stakeholders. He engaged with several embassies and consultancies, using South and Southeast Asia case studies to highlight the risks and trade-offs that LNG-to-power poses for Cambodia.
Photo: (L-R) Dean Rizzetti (Energy Policy Director, Energy Lab Cambodia), Christopher Doleman, Faith Considine (Second Secretary, Australian Embassy in Cambodia), and Kang Sin (Senior Program Manager, Australian Embassy in Cambodia).
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