Natural gas trade and markets in Asia

Authored by: Ronald D. Ripple

Routledge Handbook of Energy in Asia

Print publication date:  October  2017
Online publication date:  October  2017

Print ISBN: 9781138999824
eBook ISBN: 9781315656977
Adobe ISBN:

10.4324/9781315656977.ch9

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Abstract

Natural gas plays a relatively less important role in Asia so far but the region is a global leader in liquefied natural gas (LNG) trade. Growing imbalance in natural gas production and consumption in the region since the 1990s has led to a high reliance on imports, and the LNG has emerged as the preferred solution due to various challenges to cross-border pipeline development in the region. The developing countries of the region are poised for a rapid growth in natural gas demand and the continued imbalance in production and consumption suggests high dependence on gas trade up to 2035. Japan has remained a major gas user in the region, but China and India will play an important role in the evolving role of the industry in the future.

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