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China’s LNG Demand to Grow 7% YoY in 2024

LNG

Chinese LNG consumption is expected to grow by 7% this year, compared with 14% last year according to BNEF.

  • LNG demand growth is forecast to slow due to more natural gas pipeline imports from Russia and high domestic natural gas production.
  • China has been the world’s largest LNG importer last year, overtaking Japan, as shipments rose by 13% year on year to 72mn tons according to ICIS.

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