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
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
