Inpex Warns of Major LNG Supply Shortfall in Asia by 2035 Amid Surging Demand

Japan's Inpex projects global LNG demand to surge to approximately 700 million tons annually by 2035, nearly doubling from current levels, signaling a significant supply deficit. The company specifically forecasts an LNG supply shortfall of 231 million tons per year in the Pacific coastal region, including Asia, by the same year. This outlook is reinforced by UAE Energy Minister Suhail al Mazrouei, who stated that global demand will outpace investment in new supplies. Similarly, QatarEnergy CEO Saad Sherida Al-Kaabi expressed concerns over insufficient investment in future supply, warning of potential price spikes. This anticipated surge in demand, particularly concentrated in Asia, coupled with inadequate investment, points to sustained upward pressure on LNG and natural gas prices in the medium to long term.