Multilateral Joint Study on the Liquefied Natural Gas Market
The increased use of liquefied natural gas (LNG) is expected to solve many of the energy and environmental problems of the East Asia Summit region by ensuring a stable energy supply at an affordable price. This is especially true considering its abundant and geographically diversified resource base, as well as reducing carbon emissions by replacing more of the carbon-intensive energy. The LNG market in the region, however, has not expanded as much as expected in the early 2010s. This paper thus proposes recommendations to policymakers and the LNG producers and consumers on how they can use natural gas more in Asia. The expanded use of LNG in Asia will depend on two conditions: its competitiveness against other energy sources, and sufficient investment in every part of the value chain. The report summarises 'who does what' to achieve these two conditions.