High prices not halting Apac LNG import projects

Market challenges are temporary, panellists said at Petroleum Economist’s LNG to Power Forum Apac

High prices mean it is a challenging time for LNG import projects, “but everybody in the industry believes that what we are going through now is temporary”, Karthik Sathyamoorthy, president of LNG terminals and logistics at gas network developer AG&P, told Petroleum Economist’s LNG to Power Forum Apac event in Singapore in mid-May. "The challenge now is talking to clients and convincing them that, in the longer term, shifting to gas from liquid fuels might be the right decision, despite the current high price environment,” Sathyamoorthy admits, but he adds that the energy transition has changed and “elevated” that conversation. And high prices have not put a stop to new LNG terminal deve