Inpex predicts massive liquefied natural gas supply gap in Asia by 2035
Japan's top oil producer expects global LNG demand to surge 75 percent by 2035. This growth could trigger a major supply shortfall across the Pacific region.
Insights:
Inpex Corporation , the largest oil and gas producer in Japan 
JP, announced today that global demand for liquefied natural gas is expected to rise by about 75 percent to reach roughly 700 million tonnes annually by 2035. This forecast was published alongside the company's year-end results and profit outlook, highlighting a significant projected supply-demand gap in specific markets.
JP, announced today that global demand for liquefied natural gas is expected to rise by about 75 percent to reach roughly 700 million tonnes annually by 2035. This forecast was published alongside the company's year-end results and profit outlook, highlighting a significant projected supply-demand gap in specific markets.The company specifically identified a looming 231 million-tonne supply shortfall in the Pacific coastal region. This projection underscores a substantial regional imbalance in the LNG sector, which Inpex suggests will have major implications for industry capacity and global trade flows. While the Pacific coastal region faces a deficit, the report also considered dynamics across the Atlantic coastal region, the Indian Ocean coastal region, and the Asia-Oceania region.
