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Will China run short of gas again this winter?

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30 August 2018

Will China run short of gas again this winter?

Report summary

Last winter, China imported a record 22 Mt of LNG, with average regas utilisation in January peaking at 98%. And yet the country saw many gas shortages while unregulated domestic prices for LNG skyrocketed in excess of US$20/mmbtu. So, what about this winter – will there be shortages again and just how much LNG will China need to import? In this insight, we provide a national supply-demand balance for this coming winter and examine how a few key factors could impact the winter balance

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