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Opinion
LNG Supply and demand China
Shi Weijun
Shanghai
24 February 2023
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Letter from China: Long-term LNG demand looks strong

Last year’s slip in gas consumption does not affect the outlook to mid-century

Speculation that China is nearing a new long-term LNG supply deal with Qatar—that would take cooperation through to the middle of this century—underlines how the long-term growth story for gas in the Asian giant remains intact as Beijing looks to back up its immense buildout of renewable energy. State-controlled CNPC is reportedly in talks with state-owned QatarEnergy to buy LNG from the latter’s 49mn t/yr North Field East (NFE) expansion programme on similar terms to the 27 year-long SPA for 4mn t/yr signed by domestic peer Sinopec last November. Sinopec’s contract will be met through the NFE expansion and marks the longest-duration contract ever signed by QatarEnergy. The first phase of th

Also in this section
Countdown to Mozambique LNG restart
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
China creates two-tier oil dynamic
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
Trump’s Russia threat rings hollow
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US oil sector faces complicated path
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand

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