JJETF - LNG Demand Growth Hinges On Asia
2024-07-18 13:10:00 ET
Summary
- LNG demand is expected to grow at a healthy pace, by as much as 35% by the end of the decade, according to our calculations.
- Asia is set to dominate that growth, but the strong demand we’ve seen from Europe in recent years will ease.
- In recent years, new regasification capacity in the Philippines and Vietnam have seen them starting to import LNG.
By Warren Patterson & Coco Zhang
Asia to dominate demand growth
The supply side of the equation is relatively easy to forecast, given the visible pipeline of projects. However, demand is a lot more difficult to forecast. This is particularly due to the current energy transition, and the differing paths that countries may take to finally reach their ambitious targets. Similar to the pipeline of LNG export projects, we could look at the pipeline of projects for regasification units at destination....
LNG Demand Growth Hinges On Asia