China's LNG Imports Hit Record High

Laxman Pai
Sunday, December 23, 2018

China's imports of liquefied natural gas (LNG) in November surged to a new record as the country briskly promotes the green fuel to clean its energy mix, said a report in Xinhua.

In November, LNG imports totaled 5.99 million tons hitting a new record, rising 48.5 percent year-on-year, according to figures from the General Administration of Customs released over the weekend. The previous record was 5.18 million tons set in January this year, according to media reports.

The report said that the country's appetite for natural gas has swelled rapidly in recent years, in part driven by environmental policies to replace dirtier coal-fired electricity generation. Other clean energy sources including wind and solar power are also being encouraged.

China surpassed the Republic of Korea to become the world's second-largest LNG importer in 2017, coming in second to Japan.

According to Global Times, China bought 3.6 million tons of LNG from the US last year, making the country the second-largest supplier of LNG after Australia. But now US  has missed because of its trade friction with China.

China's imports of the liquefied fuel from the US took a dive starting in August this year and nearly stopped in October as China slapped a 10 percent tariff on US LNG amid tit-for-tat trade retaliations.

China is reportedly turning to Australia, Qatar and Malaysia for alternative LNG imports.

Categories: Energy LNG Transportation

Related Stories

PTTEP, Eni Launch Joint Venture for ADNOC-Operated Ghasha Offshore Project

Finder Energy Selects Eneos’ Rig for Drilling Job off Timor-Leste

Seascape Energy Expands Temaris Gas Acreage Offshore Malaysia

Jack-Up Rig Arrives in Indonesia for Conrad Asia Energy's MOPU Conversion

Qatar-Linked LNG Tankers Resume Hormuz Transits

SLB Secures Aramco Well Construction Work for 450 Wells

QatarEnergy's LNG Expansion Faces Delays from Hormuz Crisis

XRG, ADNOC and SEFE Deepen Gas Ties in Europe

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Current News

Indonesia's Jangkrik FPU Set for Major Gas Output Boost

PTTEP, Eni Launch Joint Venture for ADNOC-Operated Ghasha Offshore Project

Oil India Discovers Gas in Shallow Waters of Krishna-Godavari Basin

Masirah Oil Starts Yumna Offshore Drilling Ops After Months of Delays

Sunda Energy Gets Chuditch License Extension After Termination Warning

Finder Energy Selects Eneos’ Rig for Drilling Job off Timor-Leste

Inpex-Led Bonaparte CCS Project Gets Australian Offshore Storage Approval

Seascape Energy Expands Temaris Gas Acreage Offshore Malaysia

Oil Markets Brace for Years of High Prices as Iran War Drags On

Seadrill Secures Offshore Drilling Deals Across Four Countries

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com