LNG Technology Sets Revolutionary Shifts in Gas Supply for Asian Markets

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SINGAPORE - Parallel to what many believe as the renewable energy craze, the alternatives seen changing the global energy supply landscape especially for energy-guzzler Asia, will be liquefied natural gas (LNG) banking partly on the recently developed 'floating technology' and unconventional sources such as tight gas."There's a great potential for floating LNG in the Asian market," Royal Dutch Shell vice president for gas Ate Visser has told reporters.In terms of pricing and supply flow, he opined that "everything will continue to be market-determined."Touted by the multinational oil giant as 'gas revolution,' it has been emphasized that the growth of LNG as well as the tight gas boom will serve as two mutually-reinforcing developments that can enhance global long-term gas supply security. These will complement other developments in the market, such as the commercial deployment of gas-to-liquid (GTL) technology for Shell, chiefly in Qatar.On supply access, countries in Southeast Asia are similarly seen in the forefront, as indicated by Shell Upstream International Executive Director Malcolm Brinded."A second driver of the global gas revolution is the rapid increase of the global LNG market on the back of new suppliers and new customers. That is especially true for Southeast Asia," he stressed.The Shell executive bared that Asean countries like Thailand, Malaysia, Vietnam and Singapore are already gearing up for their respective LNG imports to satiate energy needs.Beyond the insatiable appetite of the growing economies for energy supply, Mr. Brinded noted that Asia (ex China and India), will be the key market to watch out for when it comes to sweeping demand growth. …