China is unlikely to see a repeat surge in liquefied natural gas (LNG) imports this coming winter as the world’s largest energy consumer has learned from the previous cold season to keep demand under control, the head of Unipec said on Tuesday.
“Last year was a special year,” Chen Bo, president of Unipec, the trading arm of China Petroleum & Chemical Corp, or Sinopec, told delegates at the LNG Forum in Singapore, referring to government policies that caused China’s LNG imports and prices in Asia to soar last winter.
China overtook South Korea as the world’s second-largest LNG importer in 2017 with imports of 38 million tonnes, 46 percent higher than a year ago. The imports soared after the government ordered millions of homes to switch to natural gas and electric heating from coal to counter rising air pollution. Read More