Asian demand growth driving global gas trade outlook

Asia's booming natural gas demand growth will be the driver in international gas trade in the years to come.That augurs well for the LNG and pipeline industries, as all forecasts point to continued strong growth in demand for natural gas in Asia.However, while expansion of LNG trade will be an important component of that growth, LNG developers have overestimated the scope of growth in demand for LNG in Asia, which presages a shakeout in that business with long-lasting and major repercussions.World gas market overviewWorld natural gas consumption has grown at a moderate average rate of 2.0%/year during the past 10 years, nearly twice as fast as oil consumption. Click here to enlarge i...

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