Economic crisis clouds outlook for Asia-Pacific’s LNG demand

Asian LNG demand growth has been critical in the growth of global LNG, accounting for an average 50% of global incremental consumption since 2000. In 2008, incremental demand growth in Asia was substantially higher than in other regions, as imports of key consumers such as Japan and Korea pushed up regional growth.Europe’s marginal consumption growth coupled with Asia helped offset a massive decline in LNG imports into the Americas, specifically the US. While global LNG demand has grown by an average 8%/year since 2000, preliminary estimates for 2008 indicate essentially no growth. This was partly due to project delays and will certainly change this year as new projects push LNG int...

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