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Project Insights

Containers make inroads in China’s LNG market

Containerised LNG has the potential to extend its market share at a faster-than-expected rate in China as rising adoption looks set to coincide with tepid growth in the LNG road tanker fleet Containerised LNG has the potential to extend its market share at a faster-than-expected rate in China as rising adoption looks set to coincide with tepid growth in the LNG road tanker fleet.
By Tang Tian 19 December 2019 Asia Pacific / LNG 0 34889
LNG tank containers being loaded at Rizhao port. (Shandong Marine Group)

The key issue: Economies of scale and greater flexibility are giving containerised LNG a competitive edge over China’s LNG road tanker fleet.

Interfax analysis: The market for transporting LNG around China in ISO containers is expected to grow in the next decade as the technology offers greater flexibility and better economies of scale than tanker trucks. Interfax Natural Gas Insight predicts containerised LNG will meet 5% of China’s LNG consumption by 2025, up from 0% at present and rising to 15-20%...