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
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand