China will expand regasification capacity

113595

The Chinese authorities will build 34 terminals of liquefied natural gas (LNG) by 2035, which will increase LNG imports four times over 20 years. The total capacity of the terminals will be 247 million tons. Shanghai Oil and Gas Exchange published data of the Ministry of Transport on its website with a reference to the Southern Energy Observer. Growth in consumption in the industrial sector allowed China to increase its natural gas imports by 32%. Sanford C. Bernstein & Co. claims that two-thirds gas demand growth in 2018 was due to China. The country imported 67.5 million tons of LNG last year. Source Bloomberg reports that China will build two types of terminals: 13 very large objects and another 21 objects with less power.


The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: