The following effects slow the growth down:
- Qatar’s rift with Saudi Arabia,
- Demands for export curbs in Eastern Australia
- Falling demand in Latin America.
Presently, the largest LNG importer is the region consisting of Japan, South Korea and Taiwan. Import in this region is, however, dropping, and from 2025, China, India and ASEAN (Southeast Asia) together will import more LNG than Japan, Korea and Taiwan combined.
According to the new report, LNG will expand to new markets thanks to low prices and new technology.
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