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By 2030, the APR will account for 25% of total world gas consumption - Medvedev
In Yuzhno-Sakhalinsk, at the Sakhalin Oil and Gas 2014 International Conference, Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, made a presentation “Gazprom in Sakhalin. LNG supplies to the markets of the APR countries, ”the press service of the company reports.
In particular, it was noted that the Asia-Pacific region is the fastest growing and dynamically developing gas market in the world. It is estimated that up to 2030 year the consumption of natural gas here will exceed a trillion cubic meters per year. Thus, to 2030 year on the APR will account for 25% of the world's total consumption of this energy carrier.
Natural gas will contribute to the economic development of a number of Asian countries. At the same time, China will become the unconditional locomotive of growth in the region, whose GDP last year more than doubled the world average. Economic growth is a significant, but not the only reason for such a significant increase in demand for natural gas in Asia. An important reason is also the need to maintain the pace of economic development in the context of the adopted restrictions on the use of nuclear energy and the tightening of other environmental standards. Asian countries, especially China, are trying to systematically adjust the structure of their energy balance in order to solve serious environmental problems.
The high level of demand for gas in the Asia-Pacific region cannot be provided at the expense of its own resources. According to experts, the total imports of the region's countries - both key (China, Japan, South Korea, Taiwan, India) and new importers (Singapore, Indonesia, Malaysia, Thailand, Philippines, Vietnam) - will grow from 270 billion cubic meters. m in 2013 to 530 billion cubic meters. m by 2030. At the same time, almost 60% of the required volume will be covered by imports.
“Today Asia is the most interesting market for global players in the energy sector. Its distinctive features are premium price conditions and positive long-term demand dynamics. It is noteworthy that in this region gas is used everywhere, including power generation, which reflects the rational approach of these countries to their economies, ”said Alexander Medvedev.