ENTSOG TYNDP 2017 - Main Report

Asia Pacific

The Asia Pacific gas market is strongly dominated by Japan and South Korea. Japanese LNG imports grew from 2011 following the nuclear accident in Fukushi- ma, reaching 121bcma in 2014. In 2015 Japan showed a market share of 49% followed by South Korea with 18%. The remaining countries in the region, like China, India and Taiwan, account for roughly one third of the market. However, these countries showed a sharp increase in consumption in the last few years, which is expected to continue in the future.

EU and Turkey

After a period of growth, the LNG consumption fell sharply by 43% to about 55bcm in 2015 compared to the peak of 82bcm in 2011. European LNG import down to almost 50 bcma while Turkish LNG import remained relatively stable at about 5bcma.

bcma

100

80

60

40

20

0

2001 2002 2003 2004 2005 2006 2007 2008 2009

2011 2010 2012

2015 2014 2013

EU

Turkey

Figure 3.36: Evolution of LNG imports in Europe-Eurasia. 2001–2015 (Source: BP statistical reports 2002–2016)

Image courtesy of Reganosa

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Ten-Year Network Development Plan 2017 Main Report