Long-term China gas outlook to buoy LNG suppliers
China’s growing gas consumption has ushered in a ‘golden age’ of LNG demand, experts say China’s growing gas consumption has ushered in a ‘golden age’ of LNG demand, experts say.
25 April 2018
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Sinopec’s Beihai LNG terminal. (Sinopec)
Budding LNG suppliers from as far afield as Indonesia and the United States descended on Beijing on Wednesday to get a sense of China’s gas demand growth following a bumper 2017, and will have been encouraged to see some bullish long-term projections.
China will consume as much as 540 billion cubic metres per year of gas from all sources by 2030, Wu Hongkun, vice president of trading and marketing at the gas and power trading subsidiary of China National Offshore Oil Corp. (CNOOC), told delegates at...
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