Asian LNG demand poised to climb further
The LNG sector remains very bullish about the prospects for Asian demand in the 2020s
Most of Asia has seen a rapid rebound—both ongoing and forecast—in post-Covid LNG demand this year, according an IP Week panel in late February which also emphasised gas’ vital role in the region’s push towards decarbonisation. There was also broad buyer and seller consensus in favour of eliminating destination clauses for LNG supply contracts. Ma Li, an analyst at China’s state-controlled Sinopec, forecasts that Asian gas demand will reach 600bn m³ by 2030, a 70pc increase on current levels. And other speakers remained confident of strong demand growth this decade, with China—unsurprisingly—helping to drive much of that expansion. Despite the impact of Covid-19, China still logged a GDP in
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
