Commodity Market Report
China gas strategic planning outlook
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Report summary
The earlier-than-expected abandonment of Covid restrictions and retreat in global LNG prices fuel prospects of gas demand recovery. Longer-term gas demand remains firm as China has room to further reduce coal share with gas playing a supporting role in the energy transition. In the meantime, NOCs are continuing to push natural gas exploration and development. Both conventional and unconventional gas increased rapidly in 2022. The pipeline imports are also increasing. As a result of the new supply and demand landscape, the China LNG market evolves. Although LNG imports decreased in 2022, Chinese companies continued to sign long-term LNG contracts. Read our China gas strategic planning outlook to understand the latest China gas market dynamics.
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- March 2023
- March 2022
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