One of the fastest growing economic regions in the world, the Indo-Pacific accounts for more than half of global energy consumption, with 85 percent derived from fossil fuels. At the same time, increasingly competitive renewables are reshaping the global gas industry as countries in the Indo-Pacific look to liquefied natural gas (LNG) imports and highly efficient, natural gas-fired generation as a means of balancing grid variability.
As regional energy demand continues to grow over the next 10 years, the share of LNG demand is expected to nearly double. Meeting this demand growth will require $80 billion in LNG infrastructure investment in the Association of Southeast Asian Nations (ASEAN) and India combined. Without the required infrastructure, bottlenecks could limit LNG imports.
The webinar will discuss the steps that the South and Southeast Asian energy sectors and policymakers should take to create a promising investment climate and the necessary economic conditions for natural gas development.