Contributed by: KovidRawat, Research Analyst, Energias Market Research & Consulting
Asia-Pacific is a fast-evolving gas market characterized by destination restriction, orthodox policies and monopolistic domestic supply infrastructure. However, the scenario is set to change as major Asian countries are liberalizing the gas policies.
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.
With British Columbia’s provincial government having promised to settle the fiscal framework for the nascent LNG industry this autumn – and by the end of November at the latest – Canada’s LNG projects, most of which would be located in BC, are entering
Russia’s natural gas industry has over the past two weeks reached a series of significant milestones in its ambitions to ramp up its exports – not just to its traditional markets in Europe but also to tempting new markets in Asia Pacific.
The controversy over LNG pricing in Asian markets shows no sign of abating, judging by the heartfelt discussions between producers and buyers at this month’s World Energy Congress (WEC) in South Korea.
Demand for natural gas in the Asia-Pacific region is forecast to grow at 3.8%/year between 2010 and 2035 – more quickly than either coal or oil – in an energy supply and demand outlook published this month by the Asian Development Bank (ADB).
South Korea – the fourth-largest economy in Asia and the world’s second-largest importer of LNG – will be playing host over coming months to two of the world’s most influential energy conferences: the World Energy Congress, which opens later this month
India’s oil and gas companies are increasingly turning to Mozambique as a future source of LNG supply, following a string of large natural gas discoveries since 2010 that have boosted the nation’s gas reserves to more than 170 Tcf.
China’s recent decision to raise natural gas prices for non-residential consumers – the first time it has done so since 2010 – is an encouraging sign in a nation determined to increase natural gas consumption as a way of reducing pollution.