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LNG to supply one-third of Asian energy demand.

LNG will supply about one-third of Asia's energy needs by 2030, with demand boosted by increased use among electricity generators, according to ExxonMobil. ExxonMobil Development Co. Vice President of established areas projects, Alan Hirshberg, told a conference in New Zealand that no fossil fuel

will grow faster than natural gas between now and 2030. By then, it will account for almost a quarter of global energy demand, up from 20%. He predicted that by 2030, overall LNG demand will triple although other speakers at the conference said this could happen as early as 2025.

Hirshberg said his company sees "large potential" to develop LNG projects in the Australian and Pacific region. He said there were seven LNG project start-ups last year and another 12 are expected this year.