ASEAN's 'Liquefied Natural Gas' (LNG) Demand and Asia's Future LNG Dynamics

Some experts believe that by 2030, the ASEAN region will be the world's fourth largest energy consumer. Southeast Asia is urbanizing rapidly and benefiting from a shift of supply chains from north Asia to the region – both of which drive greater energy use. Demographic change means there will be 100-150 million new middle class consumers. By 2030, Vietnam will be about 50% urban (where China currently stands). Similar trends are occurring in the Philippines and Indonesia. A combination of dwindling domestic resources and environmental concerns are driving governments and the market to liquefied natural gas (LNG).

Many ASEAN countries have traditionally been LNG exporters, but this is now reversing as they reserve LNG for domestic use. ASEAN states are investing huge amounts of capital into energy infrastructure. Given the relative cost effectiveness of floating re-gasification facilities a LNG hub becomes an attractive "plug and play" solution.

There are risks to mitigate to be successful however. China and Japan – the world's largest LNG importers – recognize that control of the import and distribution infrastructure means control of the market. In addition Southeast Asian countries are known for capricious policy decisions, high levels of corruption and regular natural disasters. Learn more about how to invest sustainably and successfully in this sector.

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