Is shifting the fuel mix from coal to gas the solution for China, or are there smarter and more cost-effective routes to cleaner skies? 

The Lantau Group was tasked with creating a Natural Gas Master plan for the Philippines.

Singapore's genco transactions assumed a rosy future but suffered when prices fell; fundamental analysis can tease out reality from optimism.  

Winner's curse can be a problem in any valuation, but confronting internal biases and engaging in objective reviews can mitigate the risks.

Good policy comes not from guessing the future but from basing decisions on robust analysis: understanding value and assessing relevant costs.  

A functioning electricity market in a developing country is noteworthy, but there remain regulatory challenges to ensure success for the long term.

China has gas in the ground but bringing it to generate power requires infrastructure, cost-reflective market prices, and the reform of dispatch.

All photographs in this calendar were taken by TLG staff and associates.

中国拥有天然气储量和潜在需求，但是大力发展天然气发电需要管道设施的支持, 反应成本的市场价格与调度改革.

A functioning electricity market in a developing country is noteworthy, but there remain regulatory challenges to ensure success for the long term.