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According to Dow Jones on October 9, Fitch Solutions has an outlook for the very distant future of the Asian oil and gas industry, and the agency expects that the production of crude oil and petroleum liquids in Asia will decline by an average of 2% per year until 2027, while cleaner natural gas production is estimated to increase by an average of 3%
per year.
The agency said Asia's natural gas production will increase because China and India will increase production to meet their own needs, while Australia and Papua New Guinea will expand exports
of liquefied natural gas (LNG).
According to Dow Jones on October 9, Fitch Solutions has an outlook for the very distant future of the Asian oil and gas industry, and the agency expects that the production of crude oil and petroleum liquids in Asia will decline by an average of 2% per year until 2027, while cleaner natural gas production is estimated to increase by an average of 3%
per year.
The agency said Asia's natural gas production will increase because China and India will increase production to meet their own needs, while Australia and Papua New Guinea will expand exports
of liquefied natural gas (LNG).
of LNG.
