10-31-2013, 02:21 PM
(This post was last modified: 10-31-2013, 02:22 PM by johnwgrant.)
Excerpt: (near end of article)
Southeast Asia’s gas demand will rise by about 15 percent to 169 billion cubic meters by 2016 from 2012 levels, compared with 9.7 percent growth in global consumption, the Paris-based IEA estimates. By contrast, China’s needs will increase by 59 percent to 237 billion in the same period.
Spot LNG prices for Northeast Asia jumped to the highest level in almost eight months through Oct. 21 as Japan boosted purchases after shutting down all its nuclear reactors as a result of the March 2011 earthquake. Prices increased to $17.10 per million British thermal units, New York-based Energy Intelligence Group said on the website of its World Gas Intelligence publication.