CRUCIAL & SUSTAINED ROLE FOR LNG IN ASIA’S SUPPLY

DNV analyses how the demand for LNG in Asia is expected to change. Energy demand is expected to continue rising across Asia, with a predicted peak in the early 2030s; approximately 20% higher than 2020 levels, according to DNV’s Energy Transition Outlook. Renewable sources are expected to meet a majority of the growth forecast. However, the medium-term growth potential of greener options in Asian markets is limited by challenges in integrating them with existing electrical infrastructure, all while ensuring reliable, secure, and dispatchable power. This means that the requirement for natural gas, the lowest carbon fossil fuel, will also grow […]