ASIAN COUNTRIES TO DRIVE FUTURE LNG TRADE

摘要

Our outlook on the Asian LNG demand remains positive on the back of rising energy consumption and government policies supporting the demand for clean fuel. Along with the developed countries, the developing countries will continue reducing their dependency on coal and increase the share of renewables and natural gas in the overall energy generation. As per their five year plan, the Chinese government plans to increase the share of natural gas from 5.9% in 2015 to 10% in 2020, while the coal share will shrink from 64% to 58% over the same period. Since the gas share will almost double by 2020, China will remain a major LNG importer. The country’s domestic production will be insufficient to meet the high demand. According to the BP statistic 2017 report, China’s natural gas consumption in 2016 was 210 Bcm, while production was 138 Bcm, i.e. consumption was 52% higher than the overall production.