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
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
