The IEA and others forecast, for the foreseeable future, global gas demand will increase

Natural gas is both a transition and a destination fuel. Natural gas and LNG are essential for the energy transition as they play a critical role in shifting away from coal and moving toward net-zero emissions. As the transition evolves, natural gas will remain vital in providing reliable and efficient energy to support economies around the world, including the Asia-Pacific region.

Since the outbreak of the war in the Middle east between The USA and Iran, Asian countries more than most have recognized that they must reduce reliance on any one region or country for energy supplies, including natural gas. The Middle East war has highlighted the need for countries and oil industry companies to secure access to gas, and oil, supplies that are not under threat of attack and which can be transported to customers without having to travel through shipping ‘choke points’, like the Strait of Hormuz.

The re-drawing of global energy supply maps is pushing natural gas and LNG demand to new heights and spurring new opportunities for companies like Gulf Energy.