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Expanding demand remains a priority for LNG

The LNG industry cannot become reliant on growth in Chinese consumption. There needs to be a continued focus on expanding demand for the fuel elsewhere The LNG industry cannot become reliant on growth in Chinese consumption. There needs to be a continued focus on expanding demand for the fuel elsewhere.
By Andrew Walker 25 October 2018 0 33047
Sinopec’s LNG terminal in Beihai, Guangxi Sinopec’s LNG terminal in Beihai, Guangxi. (Sinopec)

China’s dominant position as the world’s main source of LNG demand growth should not be relied upon to continue indefinitely. Companies developing new export projects need to ensure other sources of demand emerge – especially in Asia. 

China is responsible for 50% of global LNG demand and has the potential for strong growth given it is only halfway through a five-year policy to reduce air pollution. But while gas demand growth from the country is fairly certain, it is not clear to what extent this will...