At the start of the 2016/2017 gas year, GGA highlights the top 10 events and issues which will shape the gas markets over the next 12 months.
1. China’s LNG ramp-up will pick up pace
Around 15-20 mpta of regas capacity could be commissioned in China in 2017. Even if there are some delays, significant new capacity will come online. China has been active on the spot market in recent months, with spot cargoes accounting for around 21% of its imports. Total imports have risen by around 20% on an annual basis so far this year, and they will likely rise even faster in the 2016/2017 gas year.
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