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Commodities

Asia faces billions in stranded assets if gas becomes energy pariah

Indonesia shifts to renewables; S. Korea sees LNG as 'transition sector'

(Source photo by Kyodo and Antra Foto/Retuers)

JAKARTA/TOKYO -- As the world starts to turn its back on coal, governments and companies in Asia have been plowing money into gas as a practical and cleaner alternative. But critics are increasingly taking aim at that commodity's green credentials as well, sparking worries that billions of dollars in investment will end up in so-called stranded assets.

Countries face the burden of decommissioning shunned projects if gas becomes the next pariah of global energy, while companies and others that bet big on the role of gas in Asia's energy mix would also be hit hard.

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