subject: Strong Demand For Lng Encourages Australia To Invest Heavily In Natural Gas Production [print this page] Oil and Gas Supply Demand Outlook in Asia Pacific to 2020 - Growing Appetite for Oil and Gas Changing the Global Consumption Outlook
The report highlights the various concerns, shifting trends and concerns in Asia Pacifics oil and gas market. The report provides forecasts for the crude oil production and consumption sectors of the oil and natural gas industry to 2020. The report also provides segmental forecasts of the crude oil and natural gas trade balance in Asia Pacific and highlights the major countries in the region. The report discusses the regulatory structure and infrastructure in the different countries in the region. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Researchs team of industry experts. ( http://www.bharatbook.com/detail.asp?id=146126&rt=Oil-and-Gas-Supply-Demand-Outlook-in-Asia-Pacific-to-2020-Growing-Appetite-for-Oil-and-Gas-Changing-the-Global-Consumption-Outlook.html )
Asia Pacific Oil and Gas Demand to Increase at AAGRs of 1.5% and 4.3%, Respectively, Between 2010 and 2020
Asia Pacifics natural gas demand is forecast to grow strongly between 2010 and 2020. During this period, natural gas demand is expected to grow at an AAGR of 4.3%, largely driven by demand growth in China and India. Crude oil consumption is also expected to witness considerable growth of 1.3% on average per year in the same period. This strong growth of oil and gas demand will provide the impetus for huge investments in the midstream and downstream sectors of Asia Pacific in the next decade.
Strong Demand for LNG Encourages Australia to Invest Heavily in Natural Gas Production
Australia is forecast to more than double its current production by 2020 according to Research. As the country plans to gain from the increasing demand for Liquefied Natural Gas (LNG), particularly from Asia Pacific, it has been investing heavily in exploration and production activities. Australia will have a natural gas production volume of 5,127.9 Bcf in 2020, half of which will be exported to other countries through tankers.
Growing Gas Demand Forces Asia Pacific Nations to Invest in Import Infrastructure
Amidst strong growth in natural gas demand, most Asia Pacific nations are investing in the development of import pipelines and regasification terminals. Pakistan and China are planning to construct both pipelines and LNG terminals. Further, Bangladesh, Singapore and Thailand are developing regasification terminals. Even Indonesia is planning to construct regasification terminals to import natural gas from distant offshore fields.
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