E&Ps are ramping up activity offshore Southeast Asia to increase natural gas output and meet long-term demand growth that could unlock a potential $100 billion in volumes, according to Rystad Energy.
But development in the area will require high breakeven prices, Rystad said.
Asia is the U.S.’ second largest market for LNG exports, with an average 3.1 Bcf/d delivered last year — primarily to India, China, South Korea and Japan, according to the U.S. Energy Information Administration.
But regional projects in Southeast Asia stand to unleash by a “flurry” of final investment…
