Supply & Demand

China on way to being second-largest LNG importer

Interfax’s Chief Energy Analyst Peter Stewart spoke at the International LNG Congress in Hamburg this week on the outlook for Chinese gas demand and LNG import growth Interfax’s Chief Energy Analyst Peter Stewart spoke at the International LNG Congress in Hamburg this week on the outlook for Chinese gas demand and LNG import growth.
By Peter Stewart 30 November 2016 0 24381
Sinopec's LNG terminal in Beihai, Guangxi. China could become the world’s largest importer of the fuel by 2025. (Sinopec)

China will become the world’s second-largest LNG importer in the next five years, overtaking South Korea, and it has the potential to become the world’s largest importer as early as 2025.

Chinese requirements for imports of both piped gas and LNG will continue to rise. Although piped imports increased more quickly this year than LNG imports, slow progress on supplies from Russia will accelerate demand growth for LNG imports over the next decade.

China is expected to import around 52 mt of gas in 2016, up by...