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China Gas Demand Forecast to Grow 8% Through 2026

LNG

Gas demand in China is expected to increase by an average 8% per year through 2026 according to the Beijing Institute of Technology via Bloomberg.

  • Growth is recovering from a pandemic-driven slump and supported by a steady expansion in LNG import infrastructure and power generation fleet.
  • An increase in contracted volumes to drive an increase in LNG imports to 79m tons in 2024.
  • Asia spot LNG is forecast to average $15.5-$17/mmbtu in 2024.

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