OGF Article Meeting Asian LNG Demand

Jean-François Seznec, Atlantic Council

SPE.org 

Demand for LNG has increased in recent years, as it has become increasingly available, affordable, and more environmentally sustainable than coal and crude oil. While Asian markets have become key importers of LNG, piping LNG to many countries in East Asia has presented great difficulties that have required, instead, transport by sea. The story of LNG transport is explained against the backdrop of geopolitical tensions and diplomatic relations. Finally, the paper evaluates countries that may soon come online as global suppliers of LNG, and assesses the political implications of countries in Africa, as well as Canada and Israel, joining the ranks of exporters of natural gas. Latest federal approval authorizes US LNG exports to non-FTA countries.