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INTERREGIONAL NATURAL GAS PIPELINES IN ASIA: AN ALTERNATIVE TO LNG

Interregional Natural Gas Pipelines in Asia: An Alternative to LNG

Study Released December 31, 2013

Natural Gas Report - December 2013

Asia-Pacific is expected to become a rapidly growing hub for natural gas consumption. China is anticipated to be the largest consumer with the National Development and Reform Committee (NDRC) projecting in their 12th Five Year Plan a substantial increase in natural gas consumption at a rate of ~1.9 billion cubic feet per day (BCFPD) to reach 22 BCFPD by 2015, and increasing even further to 36 BCFPD by 2020.1 The NDRC foresees that between 7-9 BCFPD would need to be imported by 2015 with domestic production supplying the remainder.2 Yet, China is only a fraction of the upcoming Asian market with total Asian demand potentially reaching 89 BCFPD for the year 2020.3 Figure 1 depicts the projected Asian demand as determined by the IEA World Energy Outlook for 2011..... Download full report.

December 2013