Purvin and Gertz; Asia Pacific natural gas demand to take off
This paper reports on growing Asia Pacific gas demand through 2010 that will dramatically increase competition for imports and indigenous regional supplies, a Houston consulting firm says. Deregulation of Asia Pacific energy markets, increased environmental awareness, and greater emphasis on economics of interfuel competition are among major factors expected to affect Asia Pacific gas markets for the next two decades, says a study by Purvin and Gertz Inc. (P and G). Aside from government mandated constraints, future gas prices in each country studied generally will be related to costs of fuels with which gas competes in each end use sector, P and G says. With regional gas demand expected in 2010 to reach 9.2 tcf, P and G advises Asia Pacific consumers in all sectors to begin negotiating now for long term supplies. P and G says more than 50% of new regional gas demand through 2000 will come from increased gas usage in power generation. Most new thermal power generating plants planned in Asia Pacific countries will be either gas or coal fired. but other end use sectors also will play significant roles in future demand growth. P and G predicts liquefied natural gas demand through the end of the century will increase by 4.2%/year. During 2000-2010, Asia Pacific LNG demand will grow by about 3%/year. Regional LNG demand in 2010 will reach 80 million tons of oil equivalent (TOE), increasing from 67 million TOE in 2000 and 45 million TOE in 1990.
- OSTI ID:
- 5792784
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 89:44; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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