Construction of an LNG storage and distribution station project in Lianyungang City, Jiangsu province
China looks to become LNG trading hub
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
China’s LNG market—poised to be the world’s biggest for the second year running and continue growing for at least another decade—is taking concrete steps to position itself as an important transshipment and trade epicentre for LNG commerce. Success would potentially grant China an edge in the competition to develop an Asian LNG trading hub along the lines of Europe’s NBP or TTF. At the heart of the strategy are healthy prospects for China’s gas market that should ensure plenty of LNG flowing into the country, and the development of a competitive industry chain through the buildout of both physical and trading infrastructure. China is on track this year to consolidate its status as the top LN
Also in this section
13 November 2025
The new federal government appears far more supportive of oil and gas than former prime minister Justin Trudeau’s climate-focused administration, but the prospects look better for the latter hydrocarbon
12 November 2025
The November 2025 issue of Petroleum Economist is out now!
10 November 2025
The Russian firm made a significant attempt to expand overseas over the past two decades but is now trying to divest its global operations
10 November 2025
OPEC+ has proven to be astute at bringing back oil production, but mysteries around Chinese buying, missing barrels and oil-on-water have left the group in wait-and-see mode
