CNOOC’s LNG terminal in Fujian province. Asian gas demand has not risen as much as expected. (CNOOC)
The use of gas in Asia’s power sector may rise more slowly than expected over the next five years as a result of competition from low-cost renewables and coal, according to experts speaking at the Economist Energy Summit in London last week.
Demand for all forms of energy in Asia is anticipated to grow as populations rise and wealth increases, but some of the predictions of huge demand growth for gas have been optimistic, according to Michal Meidan, vice president for research at Energy Aspects and associate fellow for the Asia programme at Chatham House.
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