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South Asia in race to be global LNG hotspot as Dhaka enters market

Analysts say the region could import 80-100 million tonnes of the gas a year by the mid 2020s

Published Wed, Aug 2, 2017 · 09:50 PM

Singapore

SOUTH Asia, long a backwater for energy markets, is emerging as a hotspot for liquefied natural gas (LNG), with Pakistan and Bangladesh set to join India as major consumers, helping to ease global oversupply that has dogged this market for years.

Only India and Pakistan currently import LNG in South Asia, taking in a combined 25 million tonnes, or 8 per cent of global demand last year.

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Bangladesh

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South Asia in race to be global LNG hotspot as Dhaka enters market

KEYWORDS IN THIS ARTICLE

Energy & Commodities

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

Oil settles higher as weak US economic growth offset by supply concerns

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