Insight
Asia Pacific Gas & LNG: 5 things to look for in 2025
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Asia Pacific had a year of continuous LNG demand recovery in 2024, growing 19 mt or 7% year-on-year. Multiple factors drove the recovery, including organic economic expansion, structural production declines, new entrants’ purchases and delayed nuclear power plants. Price-sensitive buying, along with longer and hotter summers featuring heat waves across much of Asia, spurred additional demand. Correspondingly, countries emphasised energy security and affordability more than ever. What does 2025 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
- Executive summary
- 1. President-elect Trump’s policy on LNG will bring opposite effects to regional players
- 2. China’s policy packages: upsides and downsides
- 3. Contracting activities to persist
- 4. New importers will secure FSRUs
- 5. Indonesia’s gas plans: balancing growth, energy security and policies
Tables and charts
This report includes the following images and tables:
- LNG imports in 2024 by super region
- LNG contracts signed by years in Asia Pacific
What's included
This report contains:
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