LNG

Gravitating away from importing LNG on a take-or-pay contract basis, China’s exceptional gas demand growth in winter 2017/18 not only increased incremental supply from longterm contracts by nearly 40% but also propelled up imports of spot LNG cargoes. Indirectly, this puts China into a position of soaking up excess US gas exports shipped to AsiaPacific – if the price is right. 

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