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Demand for LNG could double in a decade.

Europe Intelligence Wire

| December 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

Byline: A report predicts that the Asia Pacific region's LNG needs may hit 163m tonnes by 2015, writes Tony Gray

Demand for liquefied natural gas from Asia Pacific markets is forecast to almost double over the next decade, and supplies could be tight during the next few years.

These are two key conclusions of a new report on the Asia Pacific LNG market by the Australian Bureau of Agricultural and Resource Economics.

Demand for natural gas in this region has more than quadrupled since 1980.

With limited indigenous gas reserves in many Asia Pacific countries and few international pipelines, LNG imports have been an important source of supplies.

The report predicts that the region's LNG demand will rise from 83m tonnes in 2003 to 119m tonnes by 2010 and 150m tonnes by 2015 or to 163m tonnes under a high growth case.

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