ASIA AND THE GOLDEN AGE OF GAS
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From Malaysia and Singapore to new frontiers like Myanmar, firms are looking for ways to reach first gas efficiently and cost-effectively in the face of significant challenges. Stewart Maxwell of Aquaterra Energy looks at the fundamental issues facing these potential operators, and asks whether new ways of thinking about offshore platform design can increase the number of viable projects in the region.
Gas demand is on the rise. In 2018, global demand grew by nearly five per cent, driven largely by Asia. This growth is set to continue for the next five years and more according to the IEA. In China alone demand for gas increased by almost 18 per cent, as Beijing pursues its goal of improving local air quality and cutting pollution.