Tuesday, August 13, 2013

Singapore beating China and Japan in race for Asian gas hub

Singapore leads race for Asian gas hub - Interfax | Singapore has moved ahead of competitors vying for position as Asia's leading gas hub; however, the city-state still has hurdles to overcome before its dominance can be assured. The Asian gas market is already the fastest growing in the world and should surpass European demand within two years, but it still has no regional benchmark price or globally recognised gas exchange because of the prevalence of oil indexation. ...Qatar's Doha Bank Group recently highlighted that Qatar is the largest trading partner of Singapore, which is "emerging as a strategically important hub for Qatar's exports to Asia".