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 in the future, alongside the development of increased renewable capacity. Given the limited availability of domestic natural gas, and the lack of local pipeline infrastructure, LNG imports will have a larger part to play. RENEWABLES FORECAST ‘We expect that growth in renewables will be the primary support for rising energy demands across Asia over the coming decade, increasing from 13% of primary energy supply in 2020 to over 20% by 2030,’ says James Laybourn, regional sales director for DNV Energy Systems in Singapore. ‘We are...