China’s independents tipped as LNG import force

The emergence of private Chinese buyers as potential term and spot LNG customers in the coming years could reshape the global market
By Tang Tian 12 July 2017
Guanghui Energy LNG storage in Xinjiang. The company has launched a terminal in Jiangsu. (Hanjung CIT)

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...

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