Email your news and story ideas to: [email protected]
Law firms to benefit from energy lift
Energy specialist law firms in Asia-Pacific are anticipating a significant boost as forthcoming government-linked investment vehicles target assets in an effort to supply local markets.
Fracking in Wyoming -- next stop Asia
Sign up for our free daily newsletter
YOUR PRIVACY - PLEASE READ CAREFULLY DATA PROTECTION STATEMENT
Below we explain how we will communicate with you. We set out how we use your data in our Privacy Policy.
Global City Media, and its associated brands will use the lawful basis of legitimate interests to use
the
contact details you have supplied to contact you regarding our publications, events, training,
reader
research, and other relevant information. We will always give you the option to opt out of our
marketing.
By clicking submit, you confirm that you understand and accept the Terms & Conditions and Privacy Policy
Asian Legal Business Online reports that recent deals have seen funds invest billions in energy resources.
Dennis Barsky, a Singapore-based partner at American global firm Jones Day, said: ‘We’ve been seeing this trend driven in part by the availability of attractive oil and gas assets in the US.’
Fracking
The natural gas-extracting technique ‘fracking’ has seen the amount of gas available on the market soar, driving prices to a 10-year low in the US. However, natural gas is still relatively expensive in Asia, and the US lacks the infrastructure to export large amounts of gas to the markets where demand is high.
‘While Asia-based investment funds have historically focused their resource investments in Asian assets, the increased supply of natural gas in the US, and the prospect of the US becoming an energy exporter is an interesting trend that is starting to drive investment into the US,’ Mr Barsky told the web site.
