A tanker at China’s Tianjin LNG terminal
Rising Chinese LNG imports are no threat to Europe
China’s intake of the fuel rose by 12.6% in 2023 and will continue to increase this year, but this looks unlikely to cause trouble for Europe
China’s LNG imports are expected to grow again this year after last year’s increase helped the country once again surpass Japan as the world’s top LNG buyer, but a further rebound in Chinese inflows is unlikely to come at the expense of supply for other key import markets such as Europe. LNG deliveries to China in 2023 climbed by 12.6% year-on-year, to 71.32mt, surpassing Japan’s imports of 66.15mt, which declined by 8.1%, according to official customs data from each country. Although China’s LNG volumes remain below the all-time high set in 2021, due in part to cheaper alternatives, major LNG market players expect the nation to drive global demand growth for the next decade. China’s gas dem
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
