A liquefied natural gas tanker is berthed at Tokyo Electric Power Co.’s Futtsu gas-fired thermal power plant. Bloomberg News Asian natural-gas consumers are betting that a new wave of gas supply and a rapidly evolving marketplace will help reduce prices in the next two to three years, executives said at a gas conference in Singapore. Liquefied natural gas is priced higher in Asia due to the additional cost of converting the gas into a liquid and transporting it on ships. Gas producers have also enjoyed strong prices as the fuel was in short supply after the Fukushima nuclear disaster shut Japan’s nuclear reactors and regional demand surged. “Asian buyers currently pay a premium for LNG; in 2012, this premium amounted to almost $130 billion,” said Seah Moon Ming, chief executive of Singapore’s Pavilion Energy. Pavilion Energy is a portfolio company of state-investment firm Temasek Holdings Pte. Ltd. […]