LNG Market Outlook: Coal production rising, LNG imports to be affected for China
October 2021
LNG Market Outlook
Chinese LNG imports are forecast to climb by 20% in 2021 to nearly 81 MMt. We expect continued reliance on LNG imports despite rising prices is forecast through the winter. Through 4Q 2021 and 1Q 2022, imports are forecast at 42.4 MMt which is 8% higher than the total seen in the 2020/2021 winter. Gas demand is seeing the most growth in the residential and commercial sectors where development in urban areas necessitates expansion of the natural gas grid.
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