New LNG opportunities in China
Changfeng announces natural gas subsidiary established in Hebei Province.
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Changfeng announces natural gas subsidiary established in Hebei Province.
China has passed South Korea to become the second largest importer of LNG in the world.
China’s imports of LNG hit a monthly record of 5.03 million t in December.
China is pulling in ships from all over to avoid a natural gas supply squeeze.
December gas output in China reached the highest monthly rate since 2014.
Asian spot LNG prices rose this week on falling production from Russia, Angola and Malaysia.
China’s natural gas imports reached record levels in December as the country faced winter supply crunches.
The winter of 2017 has witnessed soaring gas demand in East and North China.
Anadarko Petroleum Corp. is in talks to sate China’s increasing appetite for LNG from its planned development in Mozambique.
The industrial city of Wuhan eased restrictions on gas use on 5 January for residents facing freezing temperatures.
LNG prices in northern China have dropped more than 40% from record highs reached less than two weeks ago.
Asian spot LNG prices remain higher than recent annual levels as low temperatures boost buying.