NorthAmOil: Wood Mac study: Increase of US LNG required to reduce Asia’s rising coal use

Asia’s emissions from power generation will soar from increased coal use in the coming decades unless a substantial amount of new LNG supply from the US enters the market, a new study by energy consultant Wood Mackenzie published on December 2 revealed.

Commissioned by the Asia Natural Gas & Energy Association (ANGEA), the study models and analyses energy demand, power generation, and natural gas demand for Asian countries up until 2050.

The primary finding of the study was that in order to balance global energy markets and offer Asian countries an affordable alternative option to carbon-intensive coal, more LNG production is needed from the US, which is the world’s biggest exporter of the super-chilled fuel.

Coal is currently the continent’s preferred source for power generation and many Asian countries are currently experiencing high growth in their economies and population. Many Asian countries also lack domestic resources for power generation.

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