The Economic Times

IEA chief says electrification remains the way forward despite AI investment jitters

According to the chief of the IEA, global electrification is hindered by issues related to grid capacity and affordability. The goal for 35% electrification in Asia by 2035 is jointly set by Seoul and the IEA. The Asian LNG market faces challenges due to supply disruptions from Qatar and demands from Europe, but new LNG projects are anticipated to stabilize the market soon.