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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
China’s natural gas supply is expected to remain high in 2024, amid rising domestic production and strong import volumes, according to OilChem.
- LNG imports will come primarily from long-term contracts. From Q1-Q3 2023, 73.8% of China’s LNG imports came from long term supply, totalling 40.998m mt. 20% of China’s total LNG supply will come from contracts which started in 2023-2024.
- The additional increase from new contracts starting in 2024 is 5.3m mt, lower than the 7.1m mt which came online in 2023.
- It is also expected that 38 bcm will be pumped from Russia to China via pipeline in 2024, up 10 bcm.
- Domestic production is also expected to rise around 5% per annum in 2024.
- However, domestic consumption is set to fall around 5% from 2024-2026 amid higher natural gas prices, and weaker industrial and commercial gas consumption.
Source: OilChem
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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