The race to meet Asia's rising liquefied natural gas (LNG) demand is hotting up as North American and Russian producers compete with Qatar and Australia for a share of the lucrative market.
Fuel consumption in the world's fastest-growing major economies China and India is surging as industries and cities expand, leaving producers struggling to meet demand.
"A city of 1 million people is going to be created every week," Dick Benschop, vice president for strategy at Royal Dutch Shell (RDSa.L), told reporters at and industry event in Malaysia. "You have to run to be able to stand still."
No comments:
Post a Comment