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Watching The World: LNG booms in Asia-Pacific
03/07/2011
Eric WatkinsOil Diplomacy EditorWhile much of the oil and gas industry's attention was consumed by events in Libya last week, delegates at an energy summit in Indonesia heard extremely good news about natural gas and LNG."Since 1990, global gas consumption rose by 50%, while the Asia-Pacific's gas consumption tripled," said Mikkal Herberg at the 2011 Pacific Energy Summit in Jakarta. "Asia also remains the center of global LNG trade: the region accounts for nearly two thirds of global LNG demand."Herberg added, "Japan and South Korea alone account for one half of the global LNG market, and growing LNG imports to China and India ensure that the Asia-Pacific will re...
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