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: 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.
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.
Contributed by: Lian Yok Tan, Partner, K&L Gates LLP
Given the restrictions implemented by International Marine Organization (IMO) requiring lower exhaust emission of sulfur oxides (SOx), nitrous oxide (NOx), particulate matter (PM), and carbon dioxide (CO2), there will necessarily be a movement towards