CHINA NEED GAS
REUTERS - China's imports of liquefied natural gas (LNG) could reach 110 billion cubic meters, or about 80 million tonnes a year, by 2025, a senior executive from China National Petroleum Corp (CNPC) said on Wednesday.
The growth will be driven by a stringent environmental policy and an accelerated restructuring of the country's energy mix, among other factors, Ling Xiao told the LNG2019 conference in Shanghai.
China's LNG imports last year were about 54 million tonnes. CNPC accounts for about 60 percent of China's overall gas imports and 70 percent of domestic production, Ling said.
"LNG price will become one of the decisive factors for the amount of LNG imports," he also said in his presentation.