Exploration & Production

Southeast Asian gas demand growth to slow – IEA

The rate of gas demand growth in Southeast Asia will more than halve over the period to 2040, the IEA says The rate of gas demand growth in Southeast Asia will more than halve over the period to 2040, the IEA says.
By Colin Shek 24 October 2017 0 28094
A flow station offshore Indonesia. The Lima flow station offshore Indonesia. (SKKMigas)

Southeast Asia’s gas demand growth is set to slump over the next two decades, the International Energy Agency (IEA) forecast on Tuesday.

The region’s demand will grow by 2% per year through 2040, dropping from the more than 6% annual growth seen over the past 25 years, the agency said in its latest energy outlook for the region, launched at Singapore International Energy Week this week.

However, demand will still grow faster than production, meaning Southeast Asia is likely to become a net gas importer...