www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Industries

China eyes substantial rise in US LNG imports

By ZHENG XIN | China Daily | Updated: 2021-11-18 08:59
Share
Share - WeChat
An LNG vessel docks at Zhoushan Port, Zhejiang province. [Photo by Yao Feng/for China Daily]

China is expected to attract more international energy suppliers with its burgeoning natural gas demand to set a record this year, as the domestic economy has emerged from the COVID-19 pandemic faster than expected and the government is on track to meet its long-term carbon neutrality targets, said analysts.

Their comments came after Chinese President Xi Jinping told US President Joe Biden during a virtual conference on Tuesday that China and the United States should increase cooperation on natural gas and new energy, and the two countries, together with the international community, should also maintain the security and stability of global energy industrial and supply chains.

According to BloombergNEF, the US has surpassed Qatar to become the second biggest liquefied natural gas supplier to China so far this year, only after Australia, and the trend is expected to further increase in the years to come as China's demand for clean energy like LNG increases.

Li Ziyue, an analyst with BloombergNEF, said US LNG shipments to China in the first three quarters have more than tripled year-on-year, driven by strong gas demand in China as a combined result of economic recovery and emission control measures.

"China is set to see more LNG imports from the US as at least five Chinese companies are in advanced talks to secure long-term LNG supplies from US exporters," Li said.

She said the US is gaining a bigger market share, but is still playing catch-up with Australia, which exported 17 million tons more LNG to China in the first three quarters.

According to Customs statistics, China imported 5.4 million tons of LNG from the US from January to August, soaring 375 percent year-on-year.

China's major energy companies-including China National Petroleum Corp, China Petroleum and Chemical Corp and China National Offshore Oil Corp-are all stepping up imports of LNG from the US.

China Petroleum and Chemical Corp, also known as Sinopec and the world's largest refiner by volume, recently inked a 20-year LNG deal with US exporter Venture Global LNG-the single largest LNG trade agreement in terms of volume between the two sides. It will supply 4 million tons of LNG each year. Sinopec's trading arm Unipec will also buy 3.8 million tons of LNG from Venture Global's Calcasieu Pass facility.

China National Petroleum Corp, the country's largest oil and gas company, has recently received LNG shipments from the US at Jiangsu's Rudong terminal, where almost 100 million cubic meters of natural gas will be transmitted to Yangtze River Delta regions to ensure sufficient gas supplies.

Under the phase-one trade agreement between China and the US, which covers China's increased purchases of US energy products, China is to increase energy imports from the US-including LNG, crude oil, refined products and coal-by $52.4 billion over two years on top of the 2017 baseline.

The deal is a solid demonstration indicating China is carrying out its promises, while it also comes as China's demand for clean energy is increasing amid the country's shift from fossil fuels to green energy, said Gao Lingyun, an expert at the Chinese Academy of Social Sciences in Beijing.

In addition to State-owned enterprises, private oil firms like ENN Natural Gas Co Ltd and Foran Gas Group Co Ltd are also trying to secure long-term liquefied natural gas supplies.

Major US oil company ConocoPhillips said it is exploring opportunities to supply more LNG from its current and future projects as demand for LNG grows.

Nearly 10 million tons per annum of its global LNG output is shipped to China to support the country's clean energy transformation goals.

"We have helped broaden the Asia-Pacific LNG market as well as China's domestic natural gas market by delivering LNG to China in conjunction with our partners," said Helen Currie, chief economist of ConocoPhillips.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲国产精品ⅴa在线观看 亚洲国产精品aaa一区 | 亚洲一区二区三区免费视频 | 亚洲天堂色视频 | 欧美一级毛片免费看视频 | 日本精品1在线区 | 国产深夜福利视频在线播放 | 日韩激情无码免费毛片 | 久久综合精品国产一区二区三区 | 亚洲精品国产福利一区二区三区 | 欧美成人久久一级c片免费 欧美成人看片黄a免费 | 日本高清乱偷www | 日本欧美中文 | 九草视频在线观看 | 久久99久久精品久久久久久 | 久久er国产精品免费观看1 | 深夜在线观看大尺度 | 看一级特黄a大片日本片 | 久久久久久久久久久96av | 一级欧美一级日韩毛片99 | 国内精品久久久久久久久 | 成年女人毛片免费播放视频m | 日韩国产精品欧美一区二区 | 最新亚洲精品国自产在线观看 | 精品高清国产a毛片 | 日本免费一区尤物 | 久久精品系列 | 亚洲天堂免费在线视频 | 天堂免费在线视频 | 一级做a爰片久久毛片潮喷 一级做a爰片久久毛片美女 | 精品欧美成人高清在线观看2021 | 亚久久伊人精品青青草原2020 | 欧美一级毛片免费网站 | 国产精品v在线播放观看 | 美国一级毛片片aa成人 | 草视频在线观看 | 中文在线日韩 | 国产 magnet| 最新欧美精品一区二区三区不卡 | 欧美日韩一区二区三区视频在线观看 | 国产欧美在线一区二区三区 | 在线91精品国产免费 |