The LNG boom is losing its biggest Asian bet
Stung by high costs and supply uncertainty, Asian governments are busy throwing those forecasts on the bonfire.
The liquefied natural gas (LNG) market's future appears to be in Asian countries despite their domestic fields being in decline. For over a decade, Shell, a major player in the industry, identified Thailand, Bangladesh, the Philippines, and Vietnam as leading growth sources for shipped natural gas. These four countries continue to dominate the latest projections released by Shell, even after the Strait of Hormuz crisis shook the market.
According to Shell's outlook, South and Southeast Asia will account for approximately 40% of LNG imports by the middle of the century, representing more than two-thirds of the additional demand beyond current levels. As a subscriber, you are limited in commenting on stories due to your current plan. To comment, please create a display name in the Profile section of your subscriber account page. For more information, refer to our FAQ.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
