APERC Gas market report

Since 2009, APEC gas demand growth has been dominated by the USA and China. Following the rapid increase in U.S. shale gas production and the resulting gas price declines, gas demand in the US grew by 36% from 2009 to 2019. China’s demand has more than tripled in the last decade. In contrast, Japan, still the world’s largest LNG importer, recorded an overall 3% decrease in gas demand during from 2009 to 2019 period, after demand peaked in 2012.