Little study sees large growth in Asian natural gas market

TL;DRAbstract

Power capacity additions in Asia will at least triple by 2010, and Arthur D. Little Inc. predicts natural gas can pick up a good 15 percent of that market. The study predicts Asia potentially will need 720 gigawatts of new power generation by 2010, of which 15 percent may be gas-based. This represents a market three times the size of the US market in the same period, and would require more than $1 trillion in investment to finance the power generation projects alone. Six forces are driving new market opportunities for natural gas in Asia, and have set the stage for major investments in Asian gas-based power generation. They are: New technologies; growing environmental pressures; privatization; alternative energy pricing; gas availability; and continued economic growth. Japan, South Korea and Taiwan already have large, well-established markets for both gas and power that provide minimal opportunities for foreign investment. But the rest of Asia - specifically, India, Pakistan, the Phili

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