Asia Pacific Represents More than 60 Pct of World LNG Demand, Report Says

According to the report ‘Asia Pacific LNG Market Outlook 2020’ LNG has become an increasingly important supply source in meeting the Asia Pacific energy needs. As majority of Asia Pacific countries are importers of LNG, the region represents a big LNG market. According to the new research report, Asia Pacific represents more than 60% of the world LNG demand.

This 500 page report identifies major countries of Asia Pacific region in terms of demand and supply. Each of the countries is studied thoroughly with special focus on demand and supply scenario of the country; major LNG receiving terminals/production plants; under construction and proposed LNG receiving terminals/production plants; and medium and long term receiving/supply contracts. Forecasting of LNG demand/supply for 2015 and 2020 of each country is also provided in the report.

According to the report, Japan accounts for majority of Asia Pacific LNG demand in 2011. After the nuclear reactors failures due to March 2011 earthquake and tsunami, Japan’s LNG demand increased significantly.

Other countries such as China, India and South Korea also contribute significant share in the region’s total demand. Moreover, China is emerging as the fastest growing LNG market.

[mappress]
LNG World News Staff, April 19, 2013