Industry News

British media: China‘s natural gas imports will exceed Japan



Beijing's pollution control action has set China on the track of replacing Japan this year as the world's largest importer of natural gas.

China is the world's largest importer of oil and coal, and it is also the third largest consumer of natural gas, second only to the US and Russia. With domestic production unable to keep up with demand, about 40% of China's total natural gas demand comes from imports. Data from Thomson Reuters financial data platform show that China's total pipeline imports of natural gas and liquefied natural gas will reach 67 million tons in 2017, an increase of 1/4 compared with the same period last year, of which LNG imports increased by more than 50%.

Wood Mackenzie consulting company in Asia natural gas and liquefied natural gas senior manager Huang Miaoru (sound) said: "in the next few years, China gas imports will continue to increase in 2018, is expected to surpass Japan to become the world's largest importer of natural gas."

Last year, China began to let millions of families and many industrial institutions "transform coal into gas", which is one of its efforts to clean up the atmosphere, causing a sharp increase in overseas import orders. China's three largest liquefied natural gas supply countries are Australia, Qatar and Malaysia, and the supply of pipeline natural gas is mainly from Central Asia and Burma. A natural gas pipeline connecting China and Russia is under construction.

In 2017, China's growing demand has surpassed South Korea and became the second largest importer of liquefied natural gas in the world.