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Asean LNG demand to grow five-fold over next decade

Demand for LNG in the resource-rich countries that make up the Asean region is set to explode

For over three decades, Asean has been one of the major exporters of natural gas. That’s led to economic growth of over 5%/year in the last two decades in the region. Now, with growth expected to accelerate even more during the coming decades, demand for energy in the region is rising. Coal and natural gas from domestic production and pipeline imports will help meet growing energy demand but won’t be enough. Several Asean countries are starting to import LNG. If current forecasts prove true, the region will become the largest LNG importer after Japan and China. Realising the huge potential in this segment, many regional national oil companies (

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