Exploration & Production

SE Asian LNG outlook bullish as upstream wanes

Southeast Asia's LNG demand is set to surge up to 2025 as regional hydrocarbon production falls by 25% Southeast Asia's LNG demand is set to surge up to 2025 as regional hydrocarbon production falls by 25%.
By Damon Evans 16 April 2018 0 30456
A platform offshore Vietnam. (PetroVietnam)

Southeast Asia’s gas market is expected to tighten significantly over the coming years, offering opportunities for market players at a time when global LNG supply is forecast to expand rapidly.

LNG demand in the region is set to surge up to 2025 as the region’s hydrocarbon production is expected to fall by 25%. 

“Southeast Asia is truly at a tipping point, where a majority of gas fields will begin to experience production declines. This will lead to an increase in LNG imports as a way for gas-fired...