China to dominate demand outlook
Country's thirst for natural gas maintains upward trajectory
Asia is and will continue to be the dominant destination for liquefied natural gas volumes in the coming decade as demand is maintained among established buyers and emerging markets import rising volumes to offset declining indigenous production. By 2025 the continent's thirst for the fuel is expected to rise from 129m tonnes in 2010 to 304m tonnes. Over 70% of the world's annual LNG trade has been consumed in Asia since 2013, a percentage share that is set to be maintained until the middle of the next decade at least, as countries show preference for natural gas over coal and oil products. Over the medium term, the continued uptake of natural gas will vary among countries with China—which o
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