Experts predict that demand for gas in Asia-Pacific region to grow 25% by 2025
Gas demand in the Asia-Pacific region will grow 25 percent by 2025, Haruo Kumo, General Manager at the Russian Projects Division of Mitsui & Co., said at the Sakhalin Oil & Gas Conference.
"Experts estimate that by 2025, demand on the gas markets of the Asia-Pacific region will rise 25 percent on the back of demand from China and India. Asia will also be seeking a domineering role in the formation of that demand," he said.
The Japanese energy portfolio has changed radically since the Fukushima disaster in 2011. Japan is planning to decommission its nuclear plants, and its demand for energy supplies will rise sharply, the expert said.
Gas demand in China is expected to soar almost four-fold by 2025, but China plans to cover some of this demand by developing its own fields. Demand is also on the up in India, Singapore, Taiwan and Thailand.
"But if gas prices are going to rise, coal and nuclear energy will continue to occupy a substantial place," the expert said.