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Platts| Asia Pacific LNG production to outstrip demand into 2020: BG

Brisbane (Platts)–18May2010/544 am EDT/944 GMT — Production of LNG in the Asia Pacific region is set to outstrip demand well into the future, Catherine Tanna, managing director of Australia’s QGC, a subsidiary of the BG Group, said Tuesday. The supply of LNG from proposed new and expansion projects in the Asia Pacific and volumes from outside the region could amount to more than 250 million mt/year by 2020, Tanna told the Australian Petroleum Production and Exploration Association annual conference in Brisbane. But demand in the region not already satisfied by existing contracts would total only about 65 million mt/year then, she added.

(Read the full article at Asia Pacific LNG production to outstrip … (May 18, 2010))