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Commodity Market Report 21 August 2019

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Report summary

Key highlights: - Asia LNG demand grew strongly in 2018 but the tide has turned in 2019 - China's gas demand weakens but unconventionals and lack of exploration drag down production to LNG's benefit - Japan shifts away from coal boosting LNG - Reduced production expectations in key markets like Vietnam, Malaysia and Bangladesh - India's production outlook looks more positive, reducing LNG but it's still early days to see if pollution measures boost gas demand - South & South East Asia: The engine room of long-term Asian LNG demand? - Substantial contracting activity so far in 2019

Asian LNG demand grew strongly in 2018 but the tide has turned in 2019
China's gas demand weakens but unconventionals and lack of exploration drag down production to LNG's benefit
Japan shifts away from coal boosting LNG
Reduced production expectations in key markets like Vietnam, Malaysia and Bangladesh
India's production outlook looks more positive, reducing LNG but it's still early days to see if pollution measures will boost gas demand
South & South East Asia: The engine room of long-term Asian LNG demand?
Substantial contracting activity so far in 2019
- See the supporting excel spreadsheet for gas demand by country by sector, gas market balances, power demand, generation mix, LNG demand and contracts, pipeline contracts and other key data.
Regional demand
- JKT – Power sector competition and government fuel policy will be key drivers of LNG demand
- South Asia – new infrastructure revives latent gas demand
- South East Asia – the transition from exporter to importer will hit gas demand growth rates but benefit LNG
China gas pipeline trade
Other proposed transnational gas pipeline trade
Asia has the worst air quality globally
Carbon pricing in Japan, South Korea, China and Singapore
Asia’s population growth slows
GDP grows, but wide disparities in income levels will continue

Tables and charts

This report includes 34 images and tables including:

Asia LNG imports - H2 2018 vs H1 2019
LNG import growth from 2018 to 2040
LNG contracting trends

Figure 2: Gas demand by region
Figure 3: Gas demand by region
Figure 4: China gas demand by sector
Figure 5: Relative growth rates power and gas
Table 3: LNG Trade (mmtpa)
China contracted LNG supply vs demand
JKT contracted LNG supply vs demand
SE Asia contracted LNG supply vs demand
South Asia contracted LNG supply vs demand
Figure 18: Indicative gas market pricing in Asia
Figure 19: Global Air Quality Index (AQI)
Figure 20: Verisk Maplecroft Air Quality Index by region
Table 4: Population by country (millions)
Figure 21: GDP growth by region
Figure 22: GDP per capita by country
Figure 23: GDP per capita by region
Table 5: Electricity demand per capita
Table 1: Key changes to analysis from H2 2018 publication
Figure 1: Asia gas demand by sector
Table 2: Gas demand by country (bcm)
Figure 6: JKT gas demand by sector
Figure 7: Relative growth rates power and gas
Figure 8: South Asia gas demand by sector
Figure 9: Relative growth rates power and gas
Figure 10: SE Asia gas demand by sector
Figure 11: Relative growth rates power and gas
Figure 12: Asia gas supply mix
Figure 13: Asia domestic production by status
Figure 14: Asia domestic production by region
Figure 15: Gas production vs demand
Figure 16: Asia pipeline trade (excluding SE Asia internal trade)

What's included

This report contains:

Global_Gas_Asia_Pacific_H1 2019.xlsx

XLSX 995.30 KB
Global gas market long-term outlook - Asia gas and LNG - H1 2019

ZIP 1.35 MB
Global gas market long-term outlook - Asia Pacific gas and LNG - H1 2019

ZIP 2.09 MB