The Economic Times .....................Reuters Oct 13, 2011
PERTH: Newcomers to the Asian liquefied natural gas (LNG) market will face a tough time securing their energy needs as they compete for tight supplies with veteran buyers whose own demand shows no sign of abating, experts said.
Large LNG buyers such as Japan, South Korea, and increasingly China and India will see imports increase sharply, with Asia is expected to consume as much as two-thirds of global LNG supplies by 2015 by some estimates.
But Asian countries expected to start importing LNG in the next five years, such as Pakistan and Vietnam, are likely to face difficulties securing supplies, and pay dearly for them.