DEVELOPING ASIAN COUNTRIES TO SUPPORT LNG TRADE

摘要

In the first four months of 2018, Asian LNG imports strengthened on the back of strong policy support, which aims at replacing consumption of polluting fuels, such as coal and fuel oil, with clean energy fuel, such as natural gas. Developing Asian economies, such as China, India and South Korea, have been the main drivers of LNG demand in 2018. From January-April 2018, strong demand in China’s industrial, residential and commercial sectors led to the country’s imports rising by 60%, compared with the same period in 2017. As India too embraces natural gas, its LNG imports rose by 19% during January-April 2018, compared with 2017. Most of the new regasification capacity – scheduled to be commissioned between 2018 to 2022 – is located in China and India. CNOOC will have an annual capacity of 3 million tonnes in its first phase. Additionally, Bangladesh became the latest country to begin imports of Liquefied Natural Gas (LNG). We expect that the demand from emerging Asian economies will continue to rise and support LNG trade over the coming years.