Global gas: Asia regional market report (December 2021)

The future of gas is Asia and the prize is large: Key highlights of the 2021 Asia gas & LNG outlook (December update) - Asia remains an overwhelmingly positive story for LNG. LNG helps to offset declining domestic production and serves as a transition fuel in many markets - Asian gas demand grows at 2.9% pa through to 2032 underpinned by pro-gas policies, coal-to-gas switching and rapid economic and population growth - Challenging environment for domestic gas production: China is the only region where significant production growth is expected - Falling E&A activity and commercial conversion rates create the risk of an imminent peak in Southeast Asia gas supply - Significant infrastructure investment needed to unlock Asia’s gas and LNG potential