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I
n recent years, domestic gas production in many consumer nations
has declined, prompting a search for alternative sources of gas
supply. Furthermore, in many countries, gas demand is forecast
to increase substantially as a consequence of population growth and a
shift in the energy mix from coal to gas. Consequently, LNG will be a key
solution to ensuring future gas supply for many nations. However, due to
sustained low oil and gas prices, there have been concerns regarding the
economic viability of many LNG projects. Asian LNG demand is expected
Mark Adeosun, Douglas-Westwood, UK,
provides a forecast for the global LNG
market between 2017 and 2021, with a
particular focus on Asia.
LNG outlook:
Asia
in focus
