This analysis shows the important contribution that stranded gas from central Asia, Russia, Southeast Asia, and Australia can make in meeting the projected demand for gas imports of China, India, Japan, and South Korea from 2020 to 2040. The estimated delivered costs of pipeline gas from stranded fields in Russia and central Asia at Shanghai, China, are generally less than delivered costs of liquefied natural gas (LNG). Australia and Malaysia are initially the lowest-cost LNG suppliers. In the concluding section, it is argued that Asian LNG demand is price sensitive, and that current Asian LNG pricing procedures are unlikely to be sustainable for gas import demand to attain maximum potential growth. Resource volumes in stranded fields evaluated can nearly meet projected import demands.
|Title||Meeting Asia's future gas import demand with stranded natural gas from central Asia, Russia, Southeast Asia, and Australia|
|Authors||E. D. Attanasi, P.A. Freeman|
|Publication Subtype||Journal Article|
|Series Title||SPE Economics & Management|
|Record Source||USGS Publications Warehouse|
|USGS Organization||Eastern Energy Resources Science Center|