China LNG – Part one: Will rampant demand continue to mop up new supply?

Only Subscribers can read the full Article

China’s LNG imports grew by 46% in 2017, having grown by a third in 2016, making it the world’s second-largest importer, usurping South Korea. As a result, China accounted for almost half of last year’s global LNG demand growth, causing the long-anticipated supply glut to be “conspicuous by its absence”.

The question now is whether Chinese growth on this scale can continue, just as new liquefaction trains around the world start up, while those that have recently started up continue ramping up output, and numerous new projects aspire to soon take a final investment decision (FID).

In the first of a two-part series, LNG Business Review looks at the factors that have been driving demand growth in China and their current status, while Part Two will focus on the constraints China faces and how much of a challenge they represent to LNG import growth.

Subscription Benefits

Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.

LNG Business Review

LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.

Gas Matters

Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.

Gas Matters Today

Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.

Did you know that your Internet Explorer Browser is out of date?

Your MS Internet Explorer browser is out of date, and will not be fully compatible with our website. For best browsing experience we recommend that you upgrade your IE browser to a more recent version or use an alternative, more recent browser.