A heatwave is coming to Southeast Asia. So is an energy shock

Indonesia and Malaysia are set to feel the worst of an early summer first, compounding an LNG supply crisis triggered by the Iran war

Southeast Asia is set to see a warmer-than-usual early summer, potentially raising power demand for fuel and straining grids at a time when the Middle East conflict has tightened energy supplies in the region.

Across most of maritime and mainland Southeast Asia, home to more than half a billion people, temperatures will be above average for the March-April-May period, according to the latest seasonal outlook published by the Asean Specialised Meteorological Centre (ASMC) on Friday.

Asian spot prices doubled last week and remain elevated, and buyers in Southeast Asia will be competing with others in Asia and Europe for a limited amount of gas.

Source: News - South China Morning Post