Asia gas & LNG: 2021 in review and what to look for in 2022

Predictions for the year ahead

1 minute read

What's inside this year's report?

2021 was a tumultuous year for Asia's gas and LNG markets. The year will long be remembered for its extreme LNG spot price volatility, but amidst this was also recovery in long-term LNG contracting activity, a surge in domestic gas supply in China and India as well as progress on infrastructure development in most regions. In the year of COP26, Asian governments mostly remained committed to natural gas as a means accelerating progress towards a lower carbon future.

We review the key developments of 2021 and ask what's in store for 2022, including:

  1. Surging gas demand and LNG prices
  2. Recovery in long-term LNG contracting
  3. Mixed performance in domestic supply growth
  4. Ongoing gas market liberalisation and infrastructure build
  5. Net zero pledges abound, but few clear pathways to the future

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