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Project Insights

Converging factors to slow China’s LNG demand growth this winter

Insufficient regasification capacity, coupled with stronger domestic production and imports from Russia, will restrain the rise in China’s LNG imports over the cold season Insufficient regasification capacity, coupled with stronger domestic production and imports from Russia, will restrain the rise in China’s LNG imports over the cold season.
By Colin Shek 22 November 2019 Asia Pacific / Supply & Demand 0 34817
CNOOC's Putian LNG terminal. (CNOOC)

China’s incremental LNG imports this winter will be curbed by limited additions to regasification capacity this year, stronger domestic gas production and the start of Russian gas imports through the 38 billion cubic metre per year Power of Siberia pipeline on 1 December.

Interfax expects China to import just under 19 mt of LNG in Q4 2019, which would represent an increase of around 13% from the 16.75 mt it received in Q4 2018. This would mark a significant deceleration from the growth of 33% seen...