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SPECIAL REPORT: Emerging Asia-Pacific LNG markets must sort pricing, supply uncertainties

02/25/2008
Image from Cheniere EnergyClick here to enlarge imagePreliminary data for 2007 show that worldwide LNG trade grew by 7.9% to 172 million tonnes. The Asia-Pacific market accounted for about 65% of worldwide LNG trade, or 112 million tonnes. LNG imports into Asia increased by 9.6% because of strong demand from both established markets (Japan, Korea, and Taiwan) and emerging markets (India and China).This article will analyze LNG demand outlook for emerging buyers and potential new buyers (Singapore, Hong Kong, and Thailand). Fig. 1 presents LNG demand for the region through 2015. Click here to enlarge imageIndia’s gas consumption has been increasing rapidly and future demand outloo...
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