The Asian Quest for LNG in a Globalising Market

International Energy Agency

[From Press Release] Asian governments must reform their natural gas markets if the region is to see an expansion in liquefied natural gas (LNG) supply to meet its rapidly growing demand, according to a new report from the International Energy Agency (IEA) published today. The report specifies that limited flexibility and pricing issues are the main challenges to overcome in the development of a more efficient market…

High prices have become unsustainable for consuming countries in Asia, and the problem is even more acute for those countries that have regulated low end-user prices. The process of lowering costs for LNG, however, will not be swift nor will it be simple, as the LNG supply chain is capital- and energy-intensive.

The IEA report offers recommendations for both governments in consuming countries and LNG producers on how to develop an LNG market in Asia that efficiently balances supply and demand while optimising trade flows…


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