Liquefied natural gas is new energy darling

Asian demand, especially by China, is exploding, but benefits to the nation are years away

The global liquefied natural gas war is heating up with an increasing number of companies adding to their production capacities, driven by the growing demand from Asia. But analysts say it will still take years until China can really gain benefits from the expansion.

Globally, the new LNG supplies are expected to come from the eastern Mediterranean and East Africa, said a report released by Ernst & Young Advisory Pte Ltd, the global assurance, tax and transaction service provider, on Wednesday.