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Wood Mackenzie: The Asia-Pacific oil and gas industry is expected to rebound

 Last Update: 2022-11-26
 Source: Internet
 Author: User

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According to the latest report by Wood Mackenzie, the oil and gas industry in the Asia-Pacific region is expected to rebound in the coming year, mainly because growing demand, strong commodity prices and increased merger and acquisition activity are bringing greater confidence
to the oil and gas industry in the region.

Wood Mackenzie said growing demand for liquefied natural gas (LNG) in Asia, China's state-owned oil companies returning into growth mode, and increased upstream investment interest are the main factors affecting the rebound of the oil and gas industry in the Asia-Pacific region, and the rebound in the oil and gas industry is not limited to the Asia-Pacific region, but also in
other parts of the world.

The oil and gas sector is expected to rebound, mainly as rising demand, strong commodity prices and increased M&A activity are giving the region's oil and gas industry greater confidence
.

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