China can't get enough
The East Asian country is hungry for LNG and is on course to become one of the world's top importers
For global liquefied natural gas observers, perhaps one of the most significant developments over the past 18 months has been the strong and not entirely anticipated upswing in demand for LNG from China. The share of LNG imports in China's overall gas mix has been steadily rising, from a low of 0.8m tonnes in early 2012 to over 3.6m tonnes, and climbing, in early 2017. More pronounced spikes in LNG imports were seen in the winter of 2016-17, when China leant more heavily on spot cargoes to meet its heating, power and transport needs. This year, new clean air policies are pushing up demand for LNG to unprecedented levels. The upward trend is a sign of China's growing appetite for LNG, which l
Also in this section
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
20 January 2025
Country offers to boost gas exports to Europe to 10bcm/yr, but serious questions remain
20 January 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships