On the 2nd, the 19th International Liquefied Natural Gas Conference, known as the “Olympic Games” of the LNG industry, opened in Shanghai. Industry insiders from 53 countries and regions discussed the future of the global LNG industry. It is reported that in 2018, China’s natural gas consumption exceeded 280 billion square meters and has become one of the most dynamic natural gas and LNG markets in the world.
| PVA 1799 (PVA BF17) |
Natural gas is a high-quality, efficient, green and clean low-carbon energy. With the economic development, energy consumption growth and increasingly stringent carbon dioxide emission reduction, the long-term growth rate of natural gas consumption is higher than that of coal and oil. As an important part of natural gas business, LNG can effectively connect the supply side and the demand side by means of flexible transportation mode, and the growth rate is higher than that of pipeline natural gas.
The development and utilization of natural gas is one of the important ways to promote the revolution of energy production and consumption in China. It is understood that in 2018, China’s natural gas consumption exceeded 280 billion square meters and imported more than 90 million tons of natural gas. Among them, LNG accounts for 60% of the total import volume, more than 53 million tons, and the import scale has reached a record high, covering 25 countries such as Asia-Pacific, Middle East, North America and so on.
“In 2018, China’s LNG receiving capacity increased significantly, with an additional annual receiving capacity of more than 10 million tons.” Zhang Jianhua, Director-General of the State Energy Administration, said that with the continuous improvement of infrastructure, the gradual development of the market and the improvement of mechanism and policy, the foundation for the development of China’s LNG industry will be further consolidated.
| PVA 1788 (PVA BP17) |