Asian demand for liquefied natural gas not matching output, analysis from Wood Mackenzie finds. UPI/Stephen Shaver SINGAPORE, Jan. 8 (UPI) — Demand for liquefied natural gas in the Asian market hasn’t materialized as expected, analysis published Thursday by Wood Mackenzie finds. Giles Farrer, principal analyst for the global LNG market at Wood Mackenzie, said production of LNG was on the rise , but the demand wasn’t matching the increase as the industry moves past its 50th anniversary. “The big surprise was that Asian LNG demand was much lower than expected. Demand in emerging markets, like China, failed to grow to the extent anticipated and demand in the established South Korean market fell considerably,” he said in the report. The International Energy Agency said LNG, a super-cooled and denser product with more deliverability options, represents “a golden opportunity” for Asian economies. Asian demand for natural gas is expected to grow […]