Demand from China and India buoys LNG

SHANGHAI - Global natural gas market is undergoing substantial changes as demand from emerging economies such as China and India is increasing at a rapid pace, according to industry observers.

At the 19th International Conference and Exhibition on Liquefied Natural Gas in Shanghai earlier this month, industry experts said rising LNG supply and growing demand are injecting dynamism into the market.

The LNG conference, first held in 1968, is a triennial industry-event. This year marks the first time that the conference was held in China, the world's fastest-growing LNG market.