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2 days ago · (Bloomberg) -- The US has boosted sales of liquefied natural gas to China this year, although the surge may not last if the incoming Trump administration collides with Beijing over trade. China imported 63% more of the super-chilled fuel from the US in the first 10 months of the year compared to the same period in 2023, according to Chinese customs data released on Wednesday.
Aug 25, 2021 · China's LNG demand to flatten in winter. High prices, supply capacity to constrain imports. 2021 imports still likely 15%-20% up on 2020. European demand set to underpin global prices. SINGAPORE ...
Aug 25, 2023 · China managed to boost LNG imports by 7.2% in the first half this year, to 33.44 million tonnes, as more LNG import receiving terminals have started up. In 2021, China took delivery of 79.3 ...
- Xu Yihe
- xu.yihe@upstreamonline.com
- World’S Largest LNG Market
- Largest Exporter of LNG
- Asian Share in Global LNG Imports
- Where Does China Get Its LNG?
- Why Is China Buying LNG?
- Does China Have Its Own LNG?
- Liquefied Natural Gas (LNG) in China – What’s The Future?
- Go Further with LNG
China is the world’s largest LNG buyer and importer. China’s import capacity represents a significant portion of global fuel consumption, considering natural gas is responsible for 24% of the world’s power generation. Meanwhile, global natural gas consumption increased by 4.6%in 2021, driven by the post-pandemic economic recovery. As the least poll...
Qatar is the largest exporter of LNG and uses enormous tanker ships to move the LNG supply around the world. LNG provides power across residential, commercial and industrial sectors for diverse purposes. These include heating, cooking, electricity generation and manufacturing. While it is not used typically for passenger cars, it is used as a fuel ...
Along with other fast-growing Asian economies, China has been a significant driver for the growing global market for natural gas and LNG in the past few years. Collectively, Asian economies are responsible for 70% of the world’s global LNG imports. As a result, they have pushed the rise of LNG pricesand caused major fluctuations in its value.
In 2021, China focused on the post-pandemic recovery of its industries. According to S&P Global, China’s total natural gas imports increased by 19.9%, with pipeline gas imports rising more than 22% year on year and LNG imports growing more than 18% between January and December of 2021. Australia supplied a majority of this natural gas (39.3%), and ...
China is heavily dependent on its export-led industries for economic growth. With its push for economic recovery in 2021, the country also experienced peak domestic demand for energy. Space heating and industrial gas demand are the key reasons for rising LNG demand in China. Rising electricity consumption has been a significant factor since the beg...
China has a significant dependence on natural gas for its energy transition and economic growth. Due to this, the country is highly motivated to develop its own LNG production and has invested in it. Fluctuating gas pricesand volatile global markets have also added to this motivation. To increase domestic production of natural gas, the Chinese gove...
Due to its post-pandemic economic recovery, China has the highest energy demand in Asia. This demand has pushed the country to call upon LNG to meet its energy needs. Chinese buyers, especially state-owned national oil companies, are engaging in long term contracts to purchase LNG. However, fluctuating gas markets and rising political tensions have...
This article is part of ultimate guide about LNG. We will discuss more related topics in the following articles, such as LNG prices.
May 2, 2022 · LNG imports accounted for more than half of China’s overall natural gas imports and 30% of China’s total natural gas supply in 2021. China began importing LNG in 2006 and, with the exception of 2015, has imported more LNG each year since then. China has rapidly expanded its LNG import capacity, which was estimated at 13.9 Bcf/d in 2021.
Jan 20, 2022 · China's natural gas imports from Russia rose 50.5% year on year in 2021, with pipeline gas volume surging 154.2% year on year to 7.54 million mt while LNG imports fell 9.9% year on year to 4.58 million mt, according to the data. December record
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2 days ago · Although the 3.9 million tons shipped so far this year is only about 6% of China’s total, Chinese buyers have contracted for 14 million tons of US LNG starting from 2026, according to BloombergNEF. If Washington presses ahead with a threatened 60% tariff on Chinese goods, Beijing’s retaliation could include duties on American gas.
