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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.

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