Asia’s need for future gas and liquefied natural gas (LNG) volumes, as well as associated infrastructure to meet rapidly expanding energy demand, is tremendous. Experts from energy research company Wood Mackenzie discussed the key drivers of Asia Pacific gas markets today at its Northeast Asia Gas Forum.
Resilient demand, price recovery and 'green' liquefied natural gas (LNG) all being driven by Asian buyers, reckons Wood Mackenzie Asia Pacific Vice Chair Gavin Thompson.
The US Gulf of Mexico is making a comeback this year.
Chevron has announced plans to buy fellow US oil and gas operator Anadarko Petroleum in a deal worth £38.2bn, the largest upstream takeover since 2015.
Future spending on oil and gas projects will need to increase by around 20% in the next decade in order to meet demand, according to a leading consultancy.
A surge in oil demand in India could lead to long-term trade with Europe, according to analysts WoodMackenzie.
Analysts Wood Mackenzie say around 30 major oil and gas projects are expected to reach final investment decisions (FIDs) this year.