Can Southeast Asia’s vital pre-FID projects be developed?

Southeast Asia's gas supply/demand balance is not healthy. Demand is ramping up, but domestic supply is faltering, necessitating ever increasing LNG imports to bridge the gap. But the region is not short of local resource - eight giant pre-FID gas projects are sat on the sidelines, struggling to progress. With gas in such high demand, why are these fields failing to find traction? In many ways these fields are 'disadvantaged resources' in today’s fast-evolving upstream environment. With high carbon footprints, long lead-times and low IRRs, the challenge is not only to increase their value, but to do so while also investing in their decarbonisation. And who will develop these projects is still not clear, given ongoing sales, farm-downs and portfolio optimisation. Ultimately it is the governments that face the most difficult decisions. What fresh incentives can they provide that will push these much-needed regional projects towards sanction?