WeChat QR Code

Home>News Center

Southeast Asia is set to drive up demand for natural gas — it’s where ‘all the action’ will be

2023-10-03 10:43:17       source:CNBC

October 2, 2023


Southeast Asian countries are expected to be key demand drivers for the LNG market by 2030, industry watchers say.


Trade in global liquefied natural gas rose to a record in 2022, fueled largely by a surge in demand from Europe as the region moves away from relying on Russian pipelines following Moscow’s invasion of Ukraine. However, Europe’s demand for LNG is expected to recede in a few years.


Tony Regan, the Asia-Pacific gas lead from NexantECA, an energy and refining advisory, expects LNG demand from Europe to peak in 2027, before falling in 2030.


Read more:

https://www.cnbc.com/2023/10/03/southeast-asia-to-be-key-drivers-of-lng-market-by-end-of-decade.html