LNG

China Gas Holdings, the largest independent Chinese city-gas distributor and owner of 555 filling stations for gas-powered vehicles, posted a surge in fiscal first-half net profits and had over US$3.5 billion in revenues as Beijing’s “Blue Skies” anti-pollution policies helped increase natural gas use and LNG imports.

Chinese liquefied natural gas imports rose by 38 percent in 2018 as winter shipments surged in the final two months as more natural gas supplies were brought to the northern cities such as Beijing to help reduce coal use and improve air quality.