Related Articles
Forward article link
Share PDF with colleagues

China’s appetite for LNG under threat without price reform

The country's gas supply capacity is rising, but prices are going with it making it more difficult for consumers to afford

China, the world’s fastest-growing liquefied natural gas (LNG) market, is taking small steps towards allowing market-based gas pricing. But unless pricing across the entire energy system is liberalised, the move will likely accelerate fuel switching to cheaper coal. Imports of LNG into China are forecast to hit more than 60 million tonnes per year (t/y) by 2020, up from 18m t/y in 2013, led by new supply from Australia. Such rapid expansion would see China overtake South Korea as the world’s second-biggest LNG buyer behind Japan. As energy demand surges, China plans to more than double its natural gas supply capacity to 400 billion cubic metres per year (cm/y) by 2020. Around half of tha

Also in this section
Interview: Energean's Mathios Rigas targets East Med success
19 July 2018
Energean’s boss reveals the secrets of his small company’s big success in the Eastern Mediterranean
Serica sanguine on Iran sanctions
13 July 2018
The firm's historic links to Iran are in the spotlight as US sanctions resume
The return of cautious optimism in the North Sea
13 July 2018
The UK’s North Sea hub, braced for production declines, has received a boost from new investments and revived interest from the supermajors