As Chinese Imports Increase, More Players Bet on Third-Party Access, Small-Scale Terminals

11 November 2017:

Chinese natural gas demand is forecast to rise 10% this year after the government implemented coal-to- gas switching in the northeast regions Tianjin and Hebei. Gas demand grew only 6.6% in 2016 and 5.7% in 2015. LNG imports rose 42% year on year in the first nine months this year to meet gas demand growth, and also on spot LNG prices that were lower than state-controlled city-gate gas prices this summer. The positive margins encouraged state-owned operators CNOOC and PetroChina to buy more spot cargoes to meet demand and also build inventories ahead of the winter, industry sources said.

Please fill out the following form to access the full article.