The 4th Asia LNG Forum 2011

Asian LNG imports saw a temporary decline of 2.9% in 2009 amid economic recession. However, as regional economy quickly improved and countries increased fuel consumption to meet manufacturing demand, LNG imports powerfully rebounded by 12% in 2010. Robust demand underpinned global LNG price hikes. Japan, the world No.1 LNG importer, was badly hurt by the recent nuclear crisis triggered by a devastating quake. The sharp increase in Japanese imports fueled the uptrend of international LNG spot and futures market prices. Also, worries on the safety issues of nuclear power and immature solar and wind energies make natural gas a favorable low-carbon alternative. In 2011, Asian LNG imports might continue to increase by 50% and its demand increment will account for nearly 50% of globe...…More>>