Global gas: Asia regional market report

Commodity Market Report 15 April 2025

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Report summary

Asia’s gas and LNG demand growth continues to be central to the global gas and LNG narrative. Regional gas demand will rise 2.9% annually through 2035, reaching a cumulative increase of 40% by 2050. The power sector is a key driver of this growth, fuelled by economic expansion, data centre development and rapid urbanisation. Asia’s LNG demand is expected to reach close to 480 mmtpa by 2050. Regional growth varies within markets due to differences in gas pricing structures, infrastructure limitations and policy uncertainties. Realising Asia's LNG potential depends on addressing these risks while balancing energy security, affordability, and transition goals Read our new Global Gas: Asia regional market report to learn more about the world's largest and fastest-growing gas and LNG markets. Our April 2025 report focuses on the strategic planning outlook to 2050 and analyses key trends across the region.

Asia’s gas demand is on the rise
The gas supply picture in Asia is a mixed bag
Asia’s appetite for LNG is growing, but at a varied pace
Asia offers considerable gas and LNG growth opportunities, but realising the region’s potential depends on addressing longstanding risks