The Arctic and Natural Gas in Northeast Asia’s Energy Future

By: Isabella Mroczkowski and L.C. Russell Hsiao |

The International Energy Outlook 2011 published by the U.S. Energy Information Administration forecasts that world energy consumption will grow by 53 percent from 2008 to 2035. Asia’s rapidly growing economies will be the primary drivers of increasing global energy demand. By 2035, China’s and India’s combined energy use are projected to account for 31 percent of total world energy consumption. If current projections hold, by some estimates natural gas may make up to 60 percent of the region’s energy mix by 2035. New shipping routes and energy supplies in the Arctic have the potential to multiply the utility of gas in the region’s future energy mix.