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Does China need LNG (Liquid Natural Gas)?

February 10th, 2010 · No Comments

Well…

  1. Despite 2008 economic crisis, demand for gas was up 16% in China (and 2.5% in the world as a whole)
  2. China’s gas use is only 3% of it’s energy consumption, globally the figure is 25%
  3. Bloomberg China NG demand staggering
  4. China, the world’s second-largest energy user, is building more than 10 LNG terminals on its eastern coast to meet a target of doubling the use of gas as an alternative to coal.
  5. China gas shortage, set to increase LNG import
  6. LNG imports from China and India set to seven-fold

Tags: China · Natural Gas