Commodity market report

Global gas markets long-term outlook - Asia gas and LNG - H2 2017

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Report summary

The Asian gas market story is dominated by China. China will lead Asia's demand, production and trade growth. Outside of China, gas consumption will increase, but it is expected to lose share in power generation, as it struggles to compete against nuclear, coal and renewables. A disappointing outlook for upstream investment means gas production is likely to struggle, and this creates space for LNG in South and South East Asia.

What's included

This report contains

  • Document

    Woodmac Asia Gas LNG markets.pdf

    PDF 524.55 KB

Table of contents

  • Executive summary
      • China accounts for two thirds of Asia’s gas demand growth between 2017 and 2035
      • JKT – Japan’s nuclear restart program and energy policy are key to gas demand
      • South Asia – new infrastructure revives latent gas demand
      • South East Asia – transitioning from exporter to importer will hit gas demand growth rates
  • Domestic Production
    • China gas pipeline trade
    • Middle East to Pakistan gas pipeline trade
  • LNG Trade
  • LNG contracts
  • Gas pricing
    • Asia has the worst air quality globally
    • Carbon pricing in Japan, South Korea, China and Singapore
    • Asia’s population growth slows
    • GDP grows, but wide disparities in income levels will continue
    • Electricity consumption per person increases – even in wealthy countries

Tables and charts

This report includes 32 images and tables including:

Images

  • Asia gas demand by sector
  • Asia gas supply
  • Asia domestic production by status
  • Asia domestic production by region
  • Domestic Production: Image 3
  • Asia pipeline trade (excluding SE Asia internal trade)
  • Asia contracted LNG supply by pricing indexation compared to LNG demand
  • China contracted LNG supply vs demand
  • JKT contracted LNG supply vs demand
  • SE Asia contracted LNG supply vs demand
  • South Asia contracted LNG supply vs demand
  • Indicative gas market pricing in Asia
  • Gas demand by region
  • Gas demand by region
  • Verisk Maplecroft Air Quality Index Map
  • Environment: Image 2
  • AQI (Air Quality Index) in Asia: Extreme 0 - 2.5, High 2.5 - 5, Medium 5 - 7.5, Low 7.5 - 10
  • GDP growth by region
  • GDP per capita by region
  • GDP per capita by country
  • China gas demand by sector
  • Relative growth rates power and gas
  • JKT gas demand by sector
  • Relative growth rates power and gas
  • Demand: Image 7
  • Demand: Image 8
  • SE Asia gas demand by sector
  • Demand: Image 10

Tables

  • Gas demand by country
  • LNG Trade
  • Population by country million people
  • Electricity demand per capita

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