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Asia Pacific gas & LNG: 5 things to look for in 2023

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13 December 2022

Asia Pacific gas & LNG: 5 things to look for in 2023

Report summary

With Russian pipeline gas flows to the EU effectively dead, Europe will continue setting marginal LNG spot prices in 2023. Given little new addition to global supply, high and volatile spot prices are expected to persist. This is bad news for Asia as it will continue to constrain demand in price-sensitive emerging markets, impacting both spot procurement and long-term contracting activity. The need for more affordable and accessible gas creates an impetus for greater domestic production. However, except for China, India and Malaysia, the rest of Asia is struggling to maintain existing production levels. This will ultimately drive increased LNG imports and more regasification terminals over the longer term. Despite elevated LNG prices, Asian governments remain largely supportive of gas and LNG. 2023 won’t be great for Asian LNG demand, but we do anticipate a longer-term recovery as prices soften mid-decade. Read on for our five key themes to watch in Asia Pacific Gas & LNG 2023.

Table of contents

Tables and charts

This report includes 5 images and tables including:

  • Asia gas production
  • Asia regasification capacity vs demand
  • Asia LNG demand
  • LNG contract ACQ signed to end users
  • Oil-indexed contract slopes delivered to Asia

What's included

This report contains:

  • Document

    Asia Pacific gas & LNG: 5 things to look for in 2023

    PDF 1.69 MB