Beijing is adopting a gentler approach to coal-to-gas switching
Asian LNG demand growth set to slow
Weaker outlook for the Chinese economy and greater pipeline flows threaten to hamper expansion of the shipborne market
Asia’s strong appetite for LNG last year highlighted its role as a long-term driver of global demand for the fuel. But patchier growth is anticipated in 2022, as momentum ebbs in the core consumption markets of China, Japan and South Korea. Asian LNG demand expanded last year by 22mn t compared with the previous year, representing growth of 17pc on an annual basis, easily outpacing the other key markets of Europe and Latin America, according to research firm Bernstein Research. China contributed the majority of this growth, with imports climbing by 18.3pc, to a record 78.93mn t, resulting in it overtaking Japan as the world’s biggest LNG buyer. Core markets to slow China’s LNG demand will co
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
