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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 14/Dec 07:16

Cold winters, industry, increase natgas demand

Natural gas demand growth remaining strong across Asia, continuing to keep global balances tight. A study by Woodmac shows that Asia’s LNG demand will double by 2050 to 510 mtpa/yr. “LNG demand always surprises to the upside”, said Jerome Milongo, with BP LNG Trading, and after a period of high prices, there’s now a “reversion to the mean” and lower prices will bring on more demand. India’s natural gas demand is set to soar, tripling by 2050 to 23.2 Bcf/d, driven by industrial growth in refining and fertilisers. With limited domestic output, LNG imports will play a critical role. Japan

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