Natural Gas Market
Coal Seam Gas to Stir Up Asia's Natural Gas Market
In order to establish a superior export base for natural gas, Australia is undertaking the construction of several Liquefied Natural Gas (LNG) liquefaction plants to convert CBM to LNG, which are expected to be operational within the next few years. Geographical proximity to energy-hungry South Asia will provide a good market for Australian LNG exports.
CBM production in Asia is expected to reach about 98 billion cubic meters (bcm) by 2020, with Australia contributing over 60% of the total, with China and India representing the next major contributors.
More about the recent gas boom in Asia? Read also Natural Gas Could Gradually Replace Crude Oil