Commodity Market Report
Global gas market long-term outlook - Asia gas and LNG - H2 2019
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Report summary
Key highlights: - Asian LNG demand grew strongly in 2018 but the tide turned in 2019 and headwinds continue - China's gas demand weakens but unconventionals and lack of exploration drag down production to LNG's benefit - North Asia policy shifts away from coal to the benefit of LNG - Reduced production expectations in key markets like Vietnam, Thailand and Malaysia - But stronger indigenous volumes in India dampens the LNG outlook - South & South East Asia: The engine room of long-term Asian LNG demand? - Latest contracting activity
Table of contents
- China's gas demand weakens but rising gas-on-gas competition benefits LNG
- North Asia shifts away from coal to the benefit of LNG
- Reduced production expectations in key markets like Vietnam, Thailand and Malaysia but stronger indigenous volumes in India dampens the LNG outlook
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2019 saw many buyers return to the contracting market
- 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.
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Regional demand
- JKT – Fuel competition in the power sector and environmental policy increasingly drive LNG demand
- South East Asia –piped gas production stagnates despite recent discoveries,boosts long term LNG demand
- China gas pipeline trade
- Other proposed transnational gas pipeline trade
- Asia has the worst air quality globally
- Carbon pricing outlook
- Asia’s population growth slows
- GDP grows, but wide disparities in income levels will continue
Tables and charts
This report includes 33 images and tables including:
- LNG import growth from 2019 to 2040
- 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
- Figure 21: GDP growth by region
- Figure 22: GDP per capita by country
- Figure 23: GDP per capita by region
- Asia LNG imports - H2 2019 vs H1 2019
- Table 1: Key changes to analysis from H1 2019 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:
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