China imported 38 million mt of LNG in 2017, a 50% year-on-year increase, and S&P Global Platts Analytics forecasts a 22% growth this year. The country’s demand is set to reach 68 million mt by 2023, before surpassing Japan to become the world’s largest LNG importer by 2030.
In this video, Platts Commodity Associate Fan Shi Yun talks about China's policy on liberalizing its gas market, boosting third-party access to LNG regas terminals, and promoting a Chinese trading hub.
Related special report:
Opportunities and challenges of China's LNG expansion