China's gas needs
China's market is growing quickly again, spurring more enthusiasm for domestic shale and attracting exporters as far away as the US
If nothing else, Donald Trump's extraction of a promise from China to consider buying liquefied natural gas from the US is a good sign for other gas exporters such as Australia, Qatar, Indonesia and Malaysia. As China embarks on the wholesale replacement of coal by cleaner fuels including renewables, its interest in imported LNG illustrates a determination to plug the energy gap in any way that it can. Suddenly, its market is burgeoning once again. In April, China's gas demand grew at a year-on-year rate of 22%, says consultancy Wood Mackenzie. "This dynamic, emerging market is becoming more attractive to gas exporters," it said in a report, also citing the prospective deal with the US and a
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
