Downward drift
Gas production across the region is set to decline, with China the major exception, leading to increasing LNG imports
After peaking at over 440bn cubic metres a year in 2015, gas production in Asia is predicted to start gradually declining in the coming decade. Indonesia, Pakistan, Thailand, Bangladesh, Myanmar—and to some extent Malaysia—will see falling indigenous production from established reserve bases. By 2030, gas production in Asia is predicted at just over 390bn cm/y, according to Rystad Energy, representing an annual average reduction of 0.8%. Gas production is set to increase most markedly in China, where output will rise from 120bn cm/y in 2016 to around 150bn cm/y by 2030, surpassing all other Asian nations. Dominant producer PetroChina has been steadily building gas production capacity across
Also in this section
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
