South-east Asia turns to gas to meet energy need

Subject

South-east Asia gas outlook.

Significance

Although traditionally an exporter of liquefied natural gas (LNG), South-east Asia is fast becoming a gas demand centre as energy consumption rises, domestic gas production declines and opposition to coal-fired electricity increases.

Impacts

• South-east Asia’s gas demand will be facilitated by the rise in global LNG capacity.
• Import dependence will renew regional focus on transnational electricity networks and renewables.
• The Pacific basin will become the epicentre of LNG trade.