China’s regional markets present upside for LNG

By Catriona Scott 17 November 2016
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With northern markets expected to potentially face tight supplies, China's need for LNG imports could increase further. (Sinopec) With northern markets expected to potentially face tight supplies, China's need for LNG imports could increase further. (Sinopec)

China’s key regional markets are forecast to see double-digit growth in LNG import volumes over the coming months. Northeastern China’s need for LNG could be especially strong this winter, increasing the country’s demand for contracted volumes as well as spot cargoes.

China’s LNG imports have increased significantly so far this year, and demand for additional cargoes is expected from key regional markets over the winter. China imported around 18 mt of LNG over the first three quarters of 2016 – an increase of roughly 27% on an annual basis and more than twice the growth rate in demand. As China’s production growth has lagged behind the increase in its demand, the supply/demand gap has widened, boosting the need for imported volumes.

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