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.
World consumption of natural gas grew by just 1.4% in 2013, well below the historical average of 2.6%, according to the latest statistical review of world energy from BP. Coal remained the fastest-growing fossil fuel, with consumption rising by 3%.
Future of LNG as Marine Fuel Looks Bright Seoul, 26 March 2014 – Liquid natural gas (LNG) could power the ships of the future in an eco-friendly manner if the marine industry takes the lead in the face of competitors tapping into the same energy source
Asian countries should prioritize the role of gas as an energy source and ensure that the region does not allow coal to dominate energy provision, Maarten Wetselaar, Acting Upstream International Director at Shell, said in his executive keynote address