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Project Insights

Chinese LNG demand growth no longer a safe bet

The outlook for China’s LNG imports has changed dramatically over the past year, and continued growth is not a foregone conclusion The outlook for China’s LNG imports has changed dramatically over the past year, and continued growth is not a foregone conclusion.
By Colin Shek Yesterday Asia Pacific / Supply & Demand 0 34850
ENN Energy's Zhoushan LNG terminal. (ENN)

Intensifying competition from domestic gas and pipeline imports, coupled with a slowdown in economic growth, means China may not need as much LNG in the coming years as previously thought. This could reduce the growth in China's LNG imports compared with the overall expansion seen over the past few years.

“There’s actually the potential that [LNG] will begin seeing its market share either stabilise or shrink [in China],” Mark Lay, deputy general manager at ENN Energy Holdings, said at the BNEF Summit in Shanghai on Wednesday....