Asia-Pacific gas faces more competition, seeks new markets

Asia-Pacific natural gas faces many new challenges and opportunities.While competition for Asian markets continues from Middle East LNG, the Asian consumption outlook remains positive as clean-burning natural gas displaces petroleum and takes new market growth. Click here to enlarge imageNew contractual systems underlie new plants as deregulation has led to reliance on cost competition in lieu of committed price-volume contracts, a competition that Asia-Pacific producers can win. Gas liquids prospects continue strong as LPG demand, petrochemical growth, and a lighter Asia-Pacific demand barrel focus attention on light petroleum liquids. Looming shortfalls in North America present the opp...

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