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Asian LNG demand is heading for a second consecutive year of decline. Wood Mackenzie forecasts Asia Pacific demand at 257 Mt in 2026, down from 268 Mt in 2025 and a peak of 278 Mt in 2024, as the Middle East conflict tightens global supply and pushes spot prices to levels that are forcing buyers across the region to cut volumes, switch fuels and accelerate supply diversification.
India’s renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would still be a noteworthy achievement. Wood Mackenzie's solar analyst Rishab Shrestha explains why.
With its scale, diversity, and rapid change, Asia Pacific is driving the future of global energy markets.
Why should LNG emissions matter to Japanese buyers?
The hyperscale data center boom sweeping Asia is generating materially divergent outcomes for LNG demand across the region, with Southeast Asia emerging as a compelling new demand driver while South Asia remains structurally out of reach for gas.
When the US sneezes, China catches a cold or so they say. Certainly when the US decides to stack tariffs onto the price of imported Chinese goods, China’s economy, central to global economic growth, slows down. That’s already started to happen – even before the latest increase in tariffs starts to have an effect.
Looking back over a decade as the US shale gas boom began to dramatically transform the country’s energy balance, driving down gas prices and ultimately creating one of the world’s largest LNG exporters, many speculated whether China could replicate this success.
Which is more competitive, a US ethane-based cracker or a second-generation COTC cracker? And can other regions match China's ROI potential?
What will US tight oil growth do to crude markets? The build-up in volumes early this decade led to a supply glut that undermined prices in 2014.
The liquefied natural gas (LNG) long term contract market and LNG spot market are travelling in opposite directions. The long-term buyers’ market is only likely to end when it becomes clear that demand will outstrip new supply available from Qatar and Russia, global energy consultancy Wood Mackenzie said.
Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.
US product exports to Europe advantaged as Middle East/West Coast India exports are challenged by Red Sea disruption
Join Wood Mackenzie as we explore the global turbine OEM order intake recent trends.
The US takes a lead by incentivising equipment manufacturers.
And after the 12 months we’ve all just experienced, making bold predictions for the year ahead is more fraught than ever: nothing is off the table.
The grounding of the 400-metre, 224,000-tonne Ever Given cargo vessel in the Suez Canal last Tuesday inevitably sparked concern across the global economy and, while the vessel is now afloat and traffic has resumed, will have once again reminded Asian countries of the risks such trade arteries continue to present.
The oil and gas sector bounceback is set to continue – but the positive outlook is tempered by concerns about its future in a decarbonising world. Find out how global trends could play out in your region in our 2022 Outlook series.
No project under EMA’s low-carbon framework has reached Financial Close or commenced construction Malaysia has emerged as the only corridor with a credible path to delivery this decade Almost half the pipeline is long-dated and high risk
What do E&P firms need to know about Malaysia Petroleum Management’s release of new blocks and DROs?
APAC Energy Buzz is a monthly blog by our Asia Pacific Vice Chair, Gavin Thompson. In his blog, Gavin shares the sights and sounds of what’s trending in the region and what’s weighing on business leaders’ minds.
Japan’s new energy plan reshapes its path to net zero, balancing nuclear, renewables and LNG for a secure energy future.
Four reasons the industry has started to invest again.
Last week in Singapore, sector leaders, including CEOs, took to the stage for Wood Mackenzie’s 6th APAC Energy and Natural Resources Summit. The theme was ‘Rebooting Asia’s energy transition’.
How India fuels its future growth
Wood Mackenzie hosted its first Global Gas, LNG and the Future of Energy conference featuring keynote speakers from across the industry. These are our five key takeaways from the event.
Renewables now dominate new projects under construction
Investors eye up huge low-carbon and oil and gas opportunities.
Gas is to be the bridging fuel of the transition, its lower carbon intensity supporting its position in the energy mix longer than coal and oil. Yet nothing can be taken for granted as decarbonisation policy tilts the playing field away from fossil fuels.
Could Iran Sanctions See Brent Spike to U.S.$100 a barrel? The oil market faces a precarious few months. The imposition of U.S. secondary sanctions on Iranian exports on November 5 is the critical factor behind Brent’s rally to more than U.S.$80 a barrel in October. There’s enough supply to meet demand this winter, but the margin for error is worryingly narrow.
Nigeria is setting bold new targets for oil and gas production - but can fresh investment, policy shifts and industry collaboration turn ambition into reality?
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