Terminal developments will also add as much as 9.4bn m³ of storage
China poised for rapid LNG expansion
New and existing domestic players are investing in regasification infrastructure to help meet surging demand
China will commission an unprecedented amount of new LNG receiving capacity in the coming years amid fast-growing demand and the opening-up of the country’s gas market. The official launch of state-owned PipeChina in September 2020 emboldened several smaller energy companies to enter the industry. As a result, some 28 projects with a combined capacity of 82.8mn t/yr are under construction, according to data compiled by Petroleum Economist. Included in the growing list of new smaller players seizing on PipeChina’s reforms is China Urban Rural Energy (Cure), a subsidiary of state-run China Communications Construction Company Group. Cure signed cooperation agreements with Shandong Petroleum &am
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
