New LNG markets prove tough nuts to crack
Floating storage and regasification has reduced entry barriers for aspiring LNG importers. But opening up a new market remains a tricky business
Most of the growth in LNG trade over the coming decades will be in Asia-Pacific. Imports into China are set to double and deliveries to South Asia to triple. However, the fastest-growing region will be Southeast Asia, according to Shell’s latest long-term LNG Outlook. It predicts that imports into the countries of the Association of Southeast Asian Nations (Asean) will grow by a staggering 553pc from 15mn t in 2020 to 98mn t in 2040. “Growth in demand is expected to come mainly from emerging markets and new entrants to the industry, such as the Philippines and Vietnam, who are only just starting to build the infrastructure needed to import LNG,” says Maarten Wetselaar, director of Shell’s In

Also in this section
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
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector