Russia-Ukraine conflict adds impetus to Asia’s energy transition
Russia’s invasion of Ukraine spells further turmoil for global energy markets already reeling from extreme price volatility over the past two years. Oil prices have now surpassed US$100 per barrel for the first time since 2014, while other commodities like liquefied natural gas (LNG)—which has recently seen record low prices followed by record highs—are set to experience continued volatility.