China to Become World's Largest Market
Following a disappointing 2019 and 2020, where Asian demand-growth slowed from the previous two years (2020, up 10.50 billion cm; 2019, up 7.94 billion cm; 2018, up 36.77 billion cm; and 2017, up 28.40 billion cm) according to the latest CEDIGAZ data, it has accelerated during the first five months of this year. China, with its current overall economic success, is expected to account for the majority of the spike. Expectations are for a global increase of 25 billion cm in LNG demand for 2021, with China increasing consumption by 15 billion cm (60% of the total). With a first delivery in May 2006 (from Australia, still its largest LNG trading partner), China’s number one spot appears to be gu
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