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Angea Warns of Post-War Threats to Asian LNG Demand

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Competition for LNG cargoes with Europe, the return of coal and the emergence of renewables are the three largest factors influencing future natural gas and LNG demand in Asia following the Russian war in Ukraine, the head of Singapore-based gas industry association Asia Natural Gas and Energy Association (Angea) Paul Everingham tells Energy Intelligence. This year, LNG suppliers have been diverting cargoes from Asia to higher-paying markets in Europe — this has been the case not only for spot cargoes but also for certain term obligations, as has been seen in India. As a result, Asian LNG demand slipped in the first half of 2022. “Competing regional demand from Europe is a new risk,” Everingham says.

Topics:
LNG Demand, LNG Prices, Low-Carbon Policy, Carbon Capture (CCS), Gas-Fired Electricity, Gas Demand, Ukraine Crisis
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