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Project Insights

China’s LNG imports pick up in H1 2016

Operators of LNG plants around the world will be breathing a sigh of relief after China’s LNG imports returned to strong double-digit growth Operators of LNG plants around the world will be breathing a sigh of relief after China’s LNG imports returned to strong double-digit growth.
By Tang Tian 1 August 2016 Asia Pacific / LNG 0 21318
Sinopec’s Qingdao LNG terminal. It has imported more LNG than any other Chinese terminal so far this year. (Sinopec)

China’s LNG imports accelerated sharply in the first half of 2016, putting the world’s third-largest importer of the fuel on course to exceed last year’s total volume.

H1 LNG imports amounted to 11.56 mt, an increase of 21.22% from the previous year and equal to 58% of last year’s total volume, according to data from the General Administration of Customs last month.

By comparison, imports in H1 2015 were up by just 4.1% year on year and declined for the full year for the first time since...

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