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China’s LNG Demand Forecast for 2020 Raised by 48%

July 26th, 2010 · No Comments

Wood Mackenzie Says…

Read the article here.

It’s not only much cleaner, but also way cheaper than oil. The discount must be close to an all-time high. It’s quite likely to (partly) replace coal as well, due to environmental concerns. Gas is responsible for just 3% of energy consumption, compared to something like 25% in many advanced economies. Ample room for growth.

See also LNG imports from China and India set to seven-fold

Tags: IOC · Natural Gas