ExxonMobil: Gas consumption in Asia to exceed 2 billion cubic meters per day by 2020
Azerbaijan, Baku, Nov. 4 / Trend E. Ismayilov /
According to the U.S. company Exxon Mobil, gas consumption in Asia will reach 83 billion cubic feet (more than 2.35 billion cubic meters) per day by 2020, the Energy Intelligence Group quoted ExxonMobil Asia Pacific and Africa Vice President Linda DuCharme as saying.
According to DuCharme, the need for 56 billion cubic feet of gas (about 1.6 billion cubic meters) will be met via the region's own resources. In particular, 50 billion cubic feet (more than 1.4 billion cubic meters) of the natural gas need will be met by natural gas and the rest by shale gas. Also 7 billion cubic feet (more than 198 million cubic meters) will be transported via the pipeline system from the Caspian region and Russia. In turn, the liquefied natural gas supply may exceed 27 billion cubic feet per day, or 202 million tons per year.
By 2030, the total Asian demand for gas will reach nearly 111 billion cubic feet (more than 3.1 billion cubic meters) per day, 53 billion feet (1.5 billion cubic meters) of which will be met by traditional sources, and 16 billion feet of which will be met by non-traditional sources. Some 47 billion cubic feet (more than 1.3 billion cubic meters) will fall to imports, some 36 billion cubic meters feet (270 million tons per year) of which will fall to liquified natural gas.