China’s push to build out its coal-to-gas (CTG) industry will curb reliance on imported LNG. Targeted to reach 28 Bcm/year of synthetic gas production by 2030, Beijing’s CTG program equates to roughly 20 mtpa of pipeline‑quality gas that can substitute for imported LNG.
Osaka Gas seeks to expand its oversees LNG business via US upstream and power plant investments through subsidiary Sabine Oil&Gas, with Texas shale gas production expected to reach 3.8 mt LNG-equivalent this fiscal year.
Air Products, the LNG equipment maker and process provider with a growing industrial gases business in China, posted higher quarterly net income as revenue was again more than $2.2 billion.
Air Products, the leading US supplier of LNG production technology and equipment, said it had formed a $1.3 billion joint venture with a Chinese company for a coal-to-synthetic gas project in China’s northern Shanxi province.