LNG demand is expected to grow at a healthy pace, by as much as 35% by the end of the decade, according to our calculations. Asia is set to dominate that growth, but the strong demand we’ve seen from Europe in recent years will ease. South and Southeast Asia are key growth markets for LNG. However, buyers in these regions are also mostly price-sensitive. This was highlighted in 2022 during the European energy crisis, where buyers from the region took a step back from the market. Since then, imports have recovered as LNG prices have trended lower. Source: ING
