With global LNG supplies on the rise, prices are set to remain depressed over the coming years supporting global gas demand growth from energy-hungry countries in Asia, and other growing demand centers such as the Middle East.

Yet, LNG does not solve deeper, structural pricing issues in the region. As one of the highlights of its 2015 World Energy Outlook (WEO), released last week, the International Energy Agency (IEA) said that, based on its central New Policies scenario, the growth in...