With Japan’s LNG demand in decline, China is set to become the world’s largest LNG market this year, according to energy intelligence group Wood Mackenzie.
Wood Mackenzie, in its APAC Energy Buz, reports that after a slow 2020, Asian LNG demand returned to growth in the first five months of 2021, with China as the single biggest contributor.
WoodMac’s Gavin Thompson spoke to Xueke Wang from the Asia Pacific gas research about China’s surging LNG market.
Wang feels that China’s LNG demand has taken the entire industry by surprise.
Some of his inputs include:
The researchers feel that China looks certain to remain the world’s top LNG importer for the years to come.