LNG

Consumption of natural gas in China is anticipated to triple to reach 57 billion cubic feet per day (Bcf/d) by 2040 and bullish analyst houses like Sanford C. Bernstein expect the country’s demand to surpass that of the United States, the current No.1 gas consumer, “sometime between 2040 and 2050.” In the first seven month of this year, the worth of US LNG exports exceeded $139 million, already 2% more than the 2016 total, according to figures by the US-China Economic and Security Review Commission. 

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