Industry plays down China’s demand for US LNG

Last week’s agreement between the US and China has paved the way for increasing LNG trade between the two countries, but a boom in US exports is not expected anytime soon
By Colin Shek and Tang Tian 17 May 2017
Tianjin LNG terminal. China has received a total of nine cargoes from the US so far. (CNOOC)

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...

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