Despite these developments, the prize for suppliers remains significant given the potential growth of future demand in Asia, he told CNBC in an email..
LNG demand in Asia is growing significantly faster than in the rest of the world because of the region s economic and population growth, he said.
Growing demand
In an April note, Gavin Thompson, Wood Mackenzie s Asia-Pacific energy vice chairman, said Asia s LNG markets have been remarkably resilient. Strong demand, weak domestic production and supportive policies mean Asia will account for an incredible 95% of global LNG demand growth between 2020 and 2022, he wrote.
Chow said he predicts that China, South Asia and Southeast Asia will drive incremental LNG demand in the world over the next two decades.
Asia’s LNG demand is growing faster than the rest of the world because of the region’s economic and population growth, said Valery Chow of Wood Mackenzie.
Despite these developments, the prize for suppliers remains significant given the potential growth of future demand in Asia, he told CNBC in an email..
LNG demand in Asia is growing significantly faster than in the rest of the world because of the region s economic and population growth, he said.
Growing demand
In an April note, Gavin Thompson, Wood Mackenzie s Asia-Pacific energy vice chairman, said Asia s LNG markets have been remarkably resilient. Strong demand, weak domestic production and supportive policies mean Asia will account for an incredible 95% of global LNG demand growth between 2020 and 2022, he wrote.
Chow said he predicts that China, South Asia and Southeast Asia will drive incremental LNG demand in the world over the next two decades.
Despite these developments, the prize for suppliers remains significant given the potential growth of future demand in Asia, he told CNBC in an email..
LNG demand in Asia is growing significantly faster than in the rest of the world because of the region s economic and population growth, he said.
Growing demand
In an April note, Gavin Thompson, Wood Mackenzie s Asia-Pacific energy vice chairman, said Asia s LNG markets have been remarkably resilient. Strong demand, weak domestic production and supportive policies mean Asia will account for an incredible 95% of global LNG demand growth between 2020 and 2022, he wrote.
Chow said he predicts that China, South Asia and Southeast Asia will drive incremental LNG demand in the world over the next two decades.