Private Chinese companies will emerge as major LNG buyers over the next few years, benefiting from sustained low spot prices and strong gas demand driven by coal-to-gas switching, experts heard at a conference last week.
The trend will be fostered by the growing popularity of so-called ‘direct supply’ of gas to industrial users and the use of truck-transported LNG to form virtual pipelines, Chen Weidong, former chief energy researcher for state-owned China National Offshore Oil Corp. (CNOOC), said at the annual China Gas Market Summit Forum...
Log in or register for a free trial to continue reading this article
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