Asia’s LNG demand has been growing by a whopping 21 Mt this year Asia will need a lot of natural gas and LNG in the coming decades to reduce emissions from its power generation sector by replacing coal capacity with gas-fired electricity generation Asia’s natural gas demand is set to nearly double by 2050 Liquefied natural gas (LNG) suppliers are confident that strong gas demand growth in Asia in the coming decades will underpin the development of more projects this decade. Asia’s LNG demand has been growing by a whopping 21 Mt this year—a strong rebound from last year’s pandemic-driven impact, Gavin Thompson, Vice Chairman, Energy—Asia Pacific, at Wood Mackenzie, wrote on Thursday. The latest LNG project to get the go-ahead was Woodside’s US$12-billion Scarborough and Pluto Train 2 developments sanctioned at the end of November. “Scarborough gas processed through Pluto Train 2 will be one of the lowest […]