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Southeast Asian countries are expected to be key demand drivers for the LNG market by 2030, industry watchers say.

Trade in global liquefied natural gas rose to a record in 2022, fueled largely by a surge in demand from Europe as the region moves away from relying on Russian pipelines following Moscow’s invasion of Ukraine. However, Europe’s demand for LNG is expected to recede in a few years.

Tony Regan, the Asia-Pacific gas lead from NexantECA, an energy and refining advisory, expects LNG demand from Europe to peak in 2027, before falling in 2030.

“This is where I think all the action is actually going to be: Southeast Asia, particularly Vietnam, Thailand, Indonesia,” said Regan.

Vietnam is a bright spot for the LNG market, said Regan forecasting strong growth in demand from the country over the next few years largely because of the government’s Power Development Plan 8.The plan stipulates that all coal plants must be converted to alternative fuels or retired by 2050.

“Very strong growth in demand over the next few years, because 13 of the new power plants that have been proposed on the plan are going to be LNG fired, and then another 10 also gas fired. So that’s going to create a strong pull on energy from Vietnam,” said Regan.

By 2033, Southeast Asia LNG demand is forecast to be 73 million tons per year, making up 12% of the global LNG market. This is almost a quadrupling of demand compared to 2022.

Zhi Xin Chong

S&P Global’s Head of Emerging Asia’s Gas and LNG markets

Vietnam has long been considered an important LNG growth market due to its “strong economic and population growth,” said Columbia University’s Center on Global Energy Policy. That growth is expected to spearhead demand for energy.

Vietnam’s GDP is forecast to surge from $327 billion in 2022 to $760 billion by 2030, S&P Global estimates.

The global LNG market is projected to grow from $74.60 billion in 2023 to $103.41 billion by 2028, according to forecasts by analysis and consulting firm Mordor Intelligence.

Energy giant Shell said it’s seen “tremendous growth” in the LNG market in the last two months, and highlighted three countries that will be pivotal drivers, two of which are from Southeast Asia.

“We’ve supplied three new countries, Germany, Vietnam, and Philippines, and they’re all very significant potential LNG markets,” said executive vice president for Shell Energy, Steve Hill said at the recent Gastech conference held in Singapore.

“These markets have broken the challenge of implementing LNG imports and now there’s this great growth potential,” Hill said, highlighting that these countries recently received their first cargoes, cementing more progress toward their LNG ambitions.

Likewise, S&P Global shares the optimism that Southeast Asia is poised to be a prime market for the LNG natural gas. 

“By 2033, Southeast Asia LNG demand is forecast to be 73 million tons per year, making up 12% of the global LNG market,” said Zhi Xin Chong, S&P Global’s head of Emerging Asia’s gas and LNG markets. According to data provided by the analytics firm, that will mark a near quadrupling of demand compared to 2022. 

The continued decline in domestic gas supply, alongside the shift from coal to gas in the power sector, will be the main drivers of the growth story, Chong told CNBC. 

“The largest markets are likely to be Thailand, Malaysia, Indonesia and Singapore, given that these markets have already been importing LNG for a number of years,” he said.

However, he cautioned that demand for these markets are still fragile, and dependent on stable prices.

“It is crucial that LNG prices remain stable and global funding is forthcoming to finance the necessary infrastructure,” Chong said.

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Trek breaks new ground with its first throttle-equipped electric bike

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Trek breaks new ground with its first throttle-equipped electric bike

In a significant move that marks a departure from its traditional e-bike offerings, Trek has introduced the FX+ 1, its first-ever electric bike equipped with a throttle. This launch responds to growing consumer demand for more versatile and accessible e-biking options, particularly in the North American market.

The FX+ 1 is a hybrid e-bike designed for urban commuting, recreational riding, and light off-road adventures. At its core is a 500W Hyena rear hub motor delivering 60 Nm of torque, providing enough power for various terrain riding, though it might not be able to hang with the wide range of 750W e-bikes cruising US streets. The motor is paired with a UL-certified 540 Wh battery integrated into the downtube, offering a range of up to 50 miles on a single charge. 

The top speed can be user-adjusted to either 20 mph or 28 mph (32 km/h or 45 km/h), providing performance that matches the maximum limit for Class 2 and Class 3 e-bikes in the US, respectively.

Riders can choose between two versions: the standard FX+ 1, a Class 2 e-bike with pedal assist and throttle support up to 20mph, and the FX+ 1S, a Class 3 variant that extends pedal-assisted speeds up to 28mph while maintaining the same throttle limit. 

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The FX+ 1 boasts a lightweight aluminum frame available in both mid-step and high-step configurations, accommodating riders from 5’1” to 6’6”. It rolls on 27.5-inch wheels fitted with 50mm Bontrager GR0 gravel tires, balancing efficiency on pavement with comfort on rougher paths. 

The bike includes with integrated front and rear lights, with brake light and turn signal functions as well. Trek even says that once the battery is depleted to 0%, there’s still enough juice left in it to run the bike’s lights for another three hours.

The bike also features an 8-speed Shimano ESSA drivetrain, hydraulic disc brakes with 180mm rotors, and mounts for racks and fenders, improving its utility for daily commutes and errands. 

Charging is streamlined through Trek’s new EasyMag magnetic charger, which fully charges the battery in approximately 5.5 hours. The system includes a wall-mountable unit with easy-to-see LED indicators, simplifying the charging process.  

Historically, Trek has focused on pedal-assist e-bikes, emphasizing a natural riding experience shying away from throttles that allow riders to power the bike’s motor without any pedaling input. The introduction of a throttle-equipped model signifies a strategic pivot to meet the preferences of many North American e-bike consumers who have long shown a buying preference for e-bikes with throttles..

Taylor Cook, marketing manager for Trek Canada, explained the rationale: “There are a lot of bikes out there calling themselves e-bikes that aren’t really made to be pedaled. This isn’t that. It’s still a Trek bike, built to be ridden, just with an extra bit of help when you need it.” 

By entering the throttle e-bike segment, Trek positions itself head-to-head against newer brands that have capitalized on this market niche. The FX+ 1’s combination of reputable build quality, thoughtful design, and relative affordability (for a Trek) at $1,999 makes it a compelling option for a broad range of riders.

Electrek’s Take

The FX+ 1 is certainly an interesting expansion of Trek’s e-bike portfolio, and I think fans will be happy to see the company blending traditional cycling performance with modern electric bike throttles. Its introduction shows that the company is well aware of how many US riders prefer to have a throttle on their e-bike, and has made moves to meet that need.

The fact that Trek’s sister company Electra began including throttles two years ago was likely a great way for Trek to get its feet wet in the throttle game. The company no doubt saw the increase of riders that were flocking to Electra’s throttle-equipped electric bikes and wanted to get a piece of that pie as well.

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Opinion: it’s time to start recommending some Tesla alternatives [update]

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Opinion: it's time to start recommending some Tesla alternatives [update]

For years, Tesla has been the go-to EV recommendation for “normals” looking for a painless, low-effort experience from their first electric cars. In light of questionable recalls and its CEO’s recent involvement in controversial politics, however, people are starting to distance themselves from the trailblazing company.

All that begs the question: what should we recommend to EV noobs now?

UPDATE: you guys had some great suggestions in the comments. I’ve included a few of them in the article, below. Enjoy!


Despite early quality issues and ongoing service headaches, the groundbreaking S3XY lineup of EVs have always had a secret weapon in the form of the Tesla Supercharger network.

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That network of dependable high-speed chargers, paired with solid app integration that makes it easy for Tesla drivers to find available chargers just about anywhere in the US, gave the brand a leg up – but no more. By opening up the Supercharger network to brands like Ford, Hyundai, Kia, and others, Tesla has given away its biggest competitive advantage.

Add in charging and route-planning apps like Chargeway, that make navigating the transition from CCS to NACS easier than ever with its intuitive colors and numbers and easy on/off switch for vehicles equipped with NACS adapters, and it feels like the time is right to start suggesting alternatives to the old EV industry stalwarts. As such, that’s exactly what I’m going to do.

Here, then, are my picks for the best Tesla S3XY (and Cybertruck) alternatives you can buy.

Less Model S, more Lucid Air


Lucid-$20K-EV
Lucid Air sedans; via Lucid.

Developed by OG Tesla Model S engineers with tunes from Annie Get Your Gun playing continuously in their heads, the Lucid Air promises to be the car Tesla should and could have built, if only Elon had listened to the engineers.

With panel fit, material finish, and overall build quality that’s at least as good as anything else in the automotive space, the Lucid Air is a compelling alternative to the Model S at every price level – and I, for one, would take a “too f@#king fast” Lucid Air Sapphire over an “as seen on TV” Model S Plaid any day of the week. And, with Supercharger access reportedly coming later this quarter, Air buyers will have every advantage the Supercharger Network can provide.

HONORABLE MENTIONS

Less Model 3, more Hyundai IONIQ 6


Hyundai-free-charger-EVs-IONIQ-6
2025 Hyundai IONIQ 6 Limited; via Hyundai.

Hyundai has been absolutely killing it these days, with EVs driving record sales and new models earning rave reviews from the automotive press. Even in that company the IONIQ 6 stands out, with up to 338 miles of EPA-rated range and lickety-quick 350 kW charging available to make road tripping easy – especially now that the aerodynamically efficient IONIQ 6 has Supercharger access through a NACS adapter (the 2026 “facelift” models get a NACS port as standard).

The company’s sole electric sedan hasn’t seen the same sales success as IONIQ 5, of course – but that has more to do with America’s insatiable lust for crossovers and SUVs than any shortcoming inherent in the IONIQ 6 itself. All the same, Hyundai is helping dealers clear out its remaining 2024 and ’25 models with 0% financing for up to 48 months through June 2nd.

HONORABLE MENTIONS

COMMENTER FAVORITES

Less Model X, more Volvo EX90


2025 Volvo EX90; via Volvo Cars.

Once upon a time, Mrs. Jo Borrás and I were shopping three-row SUVs and found ourselves genuinely drawn to the then-new Model X. Back then it was the only three-row EV on the market, but it wasn’t Elon’s antics or access to charging, or even the Model X’s premium pricing that squirreled the deal. It was the stupid doors.

We went with the similarly new Volvo XC90 T8 in denim blue, and followed up the big PHEV with a second, three years later, in Osmium Gray. When it’s time to replace this one, you can just about bet your house that the new 510 hp EX90 with 310 miles of all-electric range will be near the top of the shopping list.

HONORABLE MENTIONS

COMMENTER FAVORITES

Less Model Y, more Kia EV6


Kia-EV6-GT-lease
2024 Kia EV6 GT; via Kia.

If half the fun of driving a Model Y is terrifying your passengers with its straight-line speed, then the Kia EV6 has to be a serious contender for a replacement.

The sporty EV6 GT made its global debut by drag racing some of the fastest ICE-powered cars of the day, including a Lamborghini, Mercedes-AMG GT, a Porsche, even a turbocharged Ferrari – and it beat the pants off ’em. Combine supercar-baiting speed with an accessible price tag, NACS accessibility, $10,000 in customer cash on remaining 2024 models ($3,000 on 2025s) and just a hint of Lancia Stratos in the styling, the EV6 is tough to beat.

HONORABLE MENTIONS

COMMENTER FAVORITES

Less Cybertruck, more therapy

Image created by Chat GPT.

It’s not bulletproof, it’s not easy to upfit, it shouldn’t be used for towing, and it won’t win in a straight fight against a vinyl picket fence. By just about every standard “truck” metric, the Tesla Cybertruck falls short against the competition from Chevrolet, Ford, and Rivian. On a more subjective front, the Cybertruck has become a symbol for a conservative movement that is (depending on your point of view) either making America great again or plunging a once-great democracy into an era of fascist oligarchy and widespread stupidity.

In short, it’s probably best to skip the CT.

If you disagree with that statement and feel like driving a new Tesla Cybertruck is the key to happiness, I’m not sure an equally ostentatious GMC Hummer EV or more subtle Rivian R1T will help you scratch that particular itch – but maybe therapy might!

HONORABLE MENTIONS

COMMENTER FAVORITES

  • Not getting the USAF joke.
  • Projecting obsessions onto the author.
  • Feeling butthurt about the Pit Vipers and tribal tats.

Original content from Electrek.


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Tesla co-founder, Komatsu bring mobile Megawatt charging to electric job sites

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Tesla co-founder, Komatsu bring mobile Megawatt charging to electric job sites

There’s no question that electric construction equipment is safer, more precise, and generally better than the diesel equipment it’s replacing, but getting power to that equipment remains a logistical challenge that hasn’t been solved for. With this new mobile Megawatt charging station, however, Komatsu think they’ve found a solution — with up to 6 MW of power!

Developed by Tesla co-founder Ian Wright, Dimaag, and Japanese equipment giant Komatsu, the groundbreaking Mobile Megawatt Charging System (MWCS) promises to bring electricity where it’s needed, anywhere on the job site, then quickly dispense enough energy to get the electric machines under its care back up and running.

And, with Megawatt power delivery on tap, the new Komatsu-Dimaag MWCS can power up equipment assets between shift changes — if it even takes that long!

Komatsu Dimaag mobile charger


Meet Dimaag’s Mobile MegaWatt Charging System– A Power Bank On Wheels
Mobile Megawatt charger; via Dimaag.

The MWCS boasts a compact, high-efficiency DC-DC converter and a long-life, high-discharge-rate Battery Energy Storage System (BESS) on board that can be connected to a DC fast charger itself, or get “trickle charged” between shifts. Both the battery and its control systems make use of an advanced thermal management solution that Komatsu and Dimaag say optimizes both safety and battery life during high-power delivery.

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What’s more, that charging capability won’t stop at just one Megawatt. The system is designed to be scalable up to six (6) Megawatts — making it suitable to juice up even the biggest EVs and, frankly, strongly implying that they’ve already got a buyer.

To make sure the MWCS can get all that power where it needs to, wherever it needs to, the machine is equipped with with stout, construction-grade AT tires, 4-wheel drive, and 4-wheel steering to navigate tight surroundings and rough terrains that other solutions wouldn’t be able to get to. And, while it isn’t mentioned in the press release, there’s a common sense idea here that you could, in a pinch, use the MWCS to tow less capable vehicles out of the mud and snow, if needed.

For their part, it seems like the people at Dimaag are pretty happy with the results. “Dimaag is excited to collaborate with Komatsu, introducing our advanced ESS and DC-DC architecture to revolutionize electrification in construction,” stated Ian Wright, VP Engineering at Dimaag. “Off-road vehicle electrification demands practical solutions that not only meet but exceed the performance of equivalent large diesel engine vehicles, while also providing substantial Total Cost of Ownership (TCO) savings. Dimaag’s electrification and high-power megawatt charging systems are designed to achieve this.”

The prototype MWCS shown, above, features a 295 kWh battery pack and an MCS connector delivering up to 1,500 amps and 1,000 volts of power. Komatsu envisions a scenario wherein the mobile charger makes its rounds on the job site charging up equipment and heading back to grid power (if available) to charge itself.

The MWCS made its debut at the bauma construction show earlier this year. Real-world trials are expected to begin this year.

Electrek’s Take


Komatsu electric equipment at bauma; via Komatsu.

Conceptually similar to the mobile power platform being developed by American firm Dannar, this new mobile Megawatt charging unit has some heavy-hitting names behind it that make it impossible to ignore. Combine that with Komatsu’s ever-increasing push towards full electrification (the two machines shown, above, are all-new in the last 60 days, with more to come) and it really feels like the MWCS is going to be A Real Thing™️somewhat sooner than later.

Stay tuned.

SOURCES | IMAGES: Komatsu, Dimaag, via EIN Presswire.


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