Linking North American LNG Supply to Asia-Pacific Markets

The future growth market for LNG is Asia. As Europe looks to cut its gas demand, Asia-Pacific gas demand will grow by at least 50 per cent by 2040. Because many of these countries are going to have sustained demand, they are looking to enter or renew long- term contracts to ensure cheaper supply, rather than taking the European approach of shorter-term contracts or relying on spot cargoes from portfolio players. As of 2023, roughly 146 long-term contracts, covering 195 mtpa of volume, exist in Asia. These totals will drop to 96 contracts and 146 mtpa by 2030. This will […]