China gas boom to trigger new ‘LNG super-cycle’

Chinese importers need to start contracting for more LNG to avoid a supply shortfall early next decade that could spark a new ‘super-cycle’ in export projects Chinese importers need to start contracting for more LNG to avoid a supply shortfall early next decade that could spark a new ‘super-cycle’ in export projects.
By Colin Shek 18 October 2017 0 28015
Sinopec’s LNG terminal in Beihai. Sinopec’s LNG terminal in Beihai. (Sinopec)

China’s LNG importers will need to increase their contracted supplies by more than 50% by 2030 to meet an expected tripling in domestic gas demand, a senior analyst has forecast.

China will dominate global gas demand growth over the next decade, with consumption set to grow from 206 billion cubic metres in 2016 to around 600 bcm by 2030, according to analysis released on Wednesday by Neil Beveridge, head of Asian oil and gas at Bernstein Research.

China, the third-largest LNG buyer after Japan and South Korea,...

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