Asia represents more than 60% of world LNG demand

According to the report 'Asia Pacific LNG Market Outlook 2020' LNG has become an increasingly important supply source in meeting the Asia Pacific energy needs. As majority of Asia Pacific countries are importers of LNG, the region represents a big LNG market. According to the new research report, Asia Pacific represents more than 60% of the world LNG demand.

According to the report, Japan accounts for majority of Asia Pacific LNG demand in 2011. After the nuclear reactors failures due to March 2011 earthquake and tsunami, Japan's LNG demand increased significantly. Other countries such as China, India and South Korea also contribute significant share in the region's total demand. Moreover, China is emerging as the fastest growing LNG market.