Chinese LNG importers have played down expectations of a surge in exports to China from the United States in the near term, following last week’s deal to promote LNG as a cornerstone of trade between the world’s biggest economies.
“My feeling is [imports will increase] after 2025,” Chen Bo, president of Unipec, the trading arm of state-owned Sinopec, told Interfax Natural Gas Daily on Wednesday on the sidelines of the China LNG & Gas International Summit in Beijing. The earliest Chinese companies will consider buying long-term supplies from the US is likely to be 2022, Chen added.
A source at a state Chinese LNG importer told Interfax Natural Gas Daily that large volumes of US LNG would not arrive until near the end of next decade as China is already importing more than it needs. But Chen was more upbeat over the long-term outlook, saying China’s rising LNG demand will be met mainly by Australia and the US in the future, along with Qatar.
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.Sign in
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up