Natural gas and low-emissions gases security review

The ASEAN region is set to become a net gas importer by the end of the decade. Natural gas remains an important part of the region’s energy system, with regional consumption close to 180 bcm in 2025. Indonesia, Malaysia and Thailand account for around 85% of demand. Gas consumption grew only modestly over the previous decade, but it is projected to rise by 18% between 2025 and 2030, driven by new gas-fired generation capacity and expanding industrial activity. Over the same period, regional gas production, which stood at around 210 bcm in 2025, is projected to decline by around 4% despite new projects in Indonesia and Viet Nam. This combination of rising demand and declining production is steadily eroding the region’s gas surplus and is expected to turn the ASEAN region from a net exporter into a net importer by the end of the decade.

Growing reliance on LNG is leaving the region exposed to supply and price risks. LNG imports into ASEAN member states more than tripled between 2015 and 2025 and are expected to nearly double again by 2030. More than two-thirds of LNG imports to ASEAN member states come from outside the region. Australia and Qatar are the largest suppliers, together accounting for 45% of total LNG imports and 65% of extra-regional imports into ASEAN member states in 2025. Around 45% of the region’s LNG imports were procured through spot markets and short-term contracts, leaving importers exposed to global competition and price volatility, particularly during periods of market stress.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →