Dhaka, Tuesday, December 11, 2018 09:59 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
China overtakes Japan to become world’s top natural gas importer

China has recently overtaken Japan to become the world’s biggest importer of natural gas and will likely keep that crown as pipeline and liquefied natural gas (LNG) infrastructure grow, according to an analysis by S&P Global Platts.

In the first ten months of this year, China imported a total of 72.06 million metric tons of natural gas, a 33.1-percent increase compared to January-October 2017.

China’s natural gas imports in January-October this year were higher than all of its natural gas imports of 68.57 million tons in 2017, Platts notes, citing Chinese customs data. During the same period, Japan’s imports of LNG stood at 67.36 million tons.

According to official data from Japan and China collected by Platts, China first overtook Japan in April this year, when it imported a total of 6.818 million tons of natural gas, higher than Japan’s imports of 6.079 million tons of LNG.

Last year, the Chinese government drive to switch millions of residents from coal to natural gas resulted in China surpassing South Korea to become the world’s second-largest LNG importer behind Japan.

China’s natural gas imports are set to rise with the construction of new LNG import terminals and the Power of Siberia pipeline from Russia, expected to come into service in late 2019.

China is raising its domestic natural gas production, but it is importing and is expected to continue to import growing volumes of gas as domestic production growth can’t keep up with surging demand.

According to the Gas 2018 report by the International Energy Agency (IEA), due to the policy to reduce air pollution, China’s natural gas demand is expected to grow by 60 percent through 2023. China is projected to account for 37 percent of the global growth in natural gas consumption between 2017 and 2023, more than any other country, the IEA said.

The share of imports in China’s natural gas supply is seen rising from 39 percent to 45 percent by 2023, the agency forecasts.

Print PDF

   You may also like

Category: Other Countries
OPEC oil output rises to highest since 2016 despite Iran

Category: Other Countries
Chinese nuclear power unit built with Russian assistance connects to grid

Category: Other Countries
Uzbekistan embarks on nuclear power plant construction with Russian design

Category: Other Countries
Asian LNG prices ease as supply levels remain healthy

Category: Other Countries
China’s benchmark power coal price stays flat

Category: Other Countries
Nepal, China agree to facilitate joint investment in power sector

Category: Other Countries
Oil prices may rise to $100 a barrel by end of year

Category: Other Countries
China now becomes world’s second-largest LNG importer

Category: Other Countries
OPEC, allies agree not to further increase oil production
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Other Countries Stories
OPEC oil output rises to highest since 2016 despite Iran
Chinese nuclear power unit built with Russian assistance connects to grid
Uzbekistan embarks on nuclear power plant construction with Russian design
Asian LNG prices ease as supply levels remain healthy
China’s benchmark power coal price stays flat
Nepal, China agree to facilitate joint investment in power sector
Oil prices may rise to $100 a barrel by end of year
China now becomes world’s second-largest LNG importer
OPEC, allies agree not to further increase oil production
Coal mine blast kills four in southern China, another nine missing


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy

   Editor & Publisher: Aminur Rahman
   Copyright @ 2015-2018 energynewsbd.com
   All Rights Reserved | Developed By: Jadukor IT