The Association of South East Asian Nations (ASEAN) celebrates its 50th anniversary this year. It consists of 10 countries, with a combined GDP of US$2.8 trillion, making it the 6th largest economy in the world.
Contributed by: AndrewWalker, Asia Pacific Reporter, Interfax Europe
Thailand is set to import 36 mtpa of LNG by 2030, up from around 2.9 mtpa in 2016, as gas domestic production is set to decline rapidly after 2020, an official from the country’s Ministry of Energy told delegates at the
Contributed by: QamarYasin, Research Associate, China University of Petroleum (East China)
In order to encourage pilot projects for the exploration and exploitation of shale gas in Pakistan and to make such discoveries commercially viable, the following special incentives are recommended for pilot projects testing and production phases:
Interview with LucaTonello, Deputy General Manager and Head of Project & Export Finance, Sumitomo Mitsui Banking Corporation
With LNG finding a role as a fuel of choice in new markets, there has been a significant increase in demand. The most notable increase comes from Asian markets, with China’s LNG consumption dramatically increasing by approximately 35% each year.
Interview with JunBai, Deputy Director, Institute of International Energy, International Cooperation Center, National Development and Reform Commission
Gastech News: Following the first shipment of US LNG to China thanks to the newly expanded Panama Canal, how will the energy relationship between China and the US evolve? Will China become the most significant buyer of US LNG?
Contributed by: Ka-hoYu, Research Fellow, Center for International Energy Security Studies, Chinese Academy of Social Science
Since the Sino-Russian gas deal signed in May 2014, Sino-Russian gas cooperation has witnessed many ups and downs. Russia has been striving hard to carve out a niche in Chinese energy market but the process is not that effective.
Contributed by: Avinash JeromeLakra, Senior Engineer, GAIL India
Most Asian countries will need to import more gas to meet demand growth, as production fails to grow at the same pace as consumption. Over the medium term, half of the anticipated increase in gas consumption will require additional imports.