Asia ‘Golden Age of Gas’ May Spur Singapore Hub, IEA Chief Says
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A boom in liquefied natural gas exports and growing demand in Asia may pave the way for a trading hub in Singapore and a benchmark price for the fuel, according to the International Energy Agency.
“There is a huge, new wave of LNG projects coming to the market,” Fatih Birol, chief economist at the Paris-based International Energy Agency said in an interview in the city-state today, citing gas export plans in Australia and Papua New Guinea. “At the same time, we expect substantial growth of demand in Asia,” particularly in China and India, Birol said.