LNG

Optionality, not just molecules, is what LNG buyers are scrambling for as spare capacity shrinks and shipments from Qatar remain constraint. As sources for ‘safe’ supply become finite, each new shipping disruption has a greater impact on prices and procurement decisions, analysts warn.

Southeast Asia is expected to become a net LNG importer by 2032, with demand set to soar approximately 182% over the next decade. Wood Mackenzie forecasts the region’s gas demand will outpace both oil and coal, particularly in Malaysia, Thailand, the Philippines and Vietnam.