Insight
Asia Pacific Gas & LNG: 5 things to look for in 2024
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Report summary
2023 was a mixed bag for Asia Pacific’s gas markets. Softening LNG prices supported LNG demand, but the strength of recovery was battered by economic headwinds, fiercer inter-fuel competitions and a mild winter at the beginning of the year. Geopolitical events and near-term price volatility added to the challenges faced by policymakers already grappling to balance the trilemma of energy security, energy equity and environmental sustainability. What does 2024 hold for the Asia Pacific gas and LNG industry? In this insight, we highlight five key themes our team is watching closely over the next 12 months.
Table of contents
- 1. Asian LNG demand will recover but remain price-sensitive
- 2. Contractual rights will be under the microscope
- 3. Regas underutilisation and shipping canal transit risks will remain paramount
- 4. Local supply and decarbonisation projects will be sanctioned
- 5. 2024 elections and policy reviews will have long-lasting impacts on gas markets
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