Imports expand share of China’s LNG market
Imports are set to account for nearly two-thirds of LNG sales in China this year, with buyers having taken advantage of plentiful inventories at receiving terminals while domestic liquefaction players have faced further cuts to feedstock supplies.
Terminals are expected to widen their lead over plants in 2018 after outselling them for the first time in 2017. They are expected to account for 13.19 mt, or 57% of the LNG sold, while 9.85 mt will come from liquefaction plants, according to data from SCI International.
Source: Interfax Energy