Southeast Asia Key for LNG

From UPI

Southeast Asian countries will drive overall Asian liquefied natural gas demand through 2025, a new report says.

Represented predominately by Indonesia, Thailand, Malaysia and Singapore, the region will account for one-third of that demand growth, increasing 45 million tons annually, the report from global research consultancy firm Wood Mackenzie says.

Of particular interest are Indonesia and Thailand, which have been making sizable investments in developing their LNG infrastructure both domestically and overseas.

“Indonesia will increasingly require LNG as we expect domestic demand to outpace domestic supply,” Wood Mackenzie Senior Gas Market Analyst Nicholas Browne said in the report.

The third-largest LNG exporter, Indonesia accounted for approximately 9 percent of global LNG exports in 2011, behind Qatar and Malaysia.

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