LNG

Imports expand share of China’s LNG market

China’s import terminals will significantly widen their lead over domestic liquefaction plants in LNG sales this year, boosted by high inventories China’s import terminals will significantly widen their lead over domestic liquefaction plants in LNG sales this year, boosted by high inventories.
By Tang Tian 4 December 2018 0 33537
CNOOc's Tianjin LNG terminal. (CNOOC)

Imports are set to account for nearly two-thirds of LNG sales in China this year, with buyers having taken advantage of plentiful inventories at receiving terminals while domestic liquefaction players have faced further cuts to feedstock supplies.

Terminals are expected to widen their lead over plants in 2018 after outselling them for the first time in 2017. They are expected to account for 13.19 mt, or 57% of the LNG sold, while 9.85 mt will come from liquefaction plants, according to data from SCI International. Last...