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Filling a gap in the global LNG market
De la Rey Venter, CEO of LNG player MidOcean Energy, discusses strategy, project developments and the prospects for the LNG market
Navigating the next LNG cycle
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
Next wave of floating LNG growth in developing markets
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
Colombia races to shore up gas supply
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist 
How Hormuz chokehold threatens LNG buyers
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
New Zealand embraces LNG
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
European gas faces renewed strain after winter drawdowns
Sustained low temperatures have depleted storage levels and exposed the EU’s vulnerability to shocks even as the bloc moves ahead with phasing out all Russian imports
LNG, a strategic safeguard
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
A dual-coast LNG strategy
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
Cheniere’s disciplined expansion
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
Storage tanks in Shanghai
PE 90th anniversary
Asia LNG
Kit Ling Wong
3 January 2024
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Outlook 2024: Asia’s appetite for LNG in an age of uncertainty

Asia remains primed for long-term LNG growth, despite the commitment by countries to meet their net-zero emissions targets

The main driver for Japan is replacement demand for its long-term contracts as they expire over 2024-26, while in China new terminals coming on stream over the next two years are fuelling LNG demand. Southeast Asia remains a key driver for long-term demand growth although questions remain over the affordability of gas in the near term. Here we explore the region in more detail. Japan: Japan remains committed to long-term LNG buying as current long-term contracts expire from 2024 to 2026. However, they are looking for up to ten years’ supply as they are unable to forecast their downstream demand in the longer term. Expectations of 12 nuclear reactors to come online by 2024 means that Japanese

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