Top U.S. LNG Exports: China's Gas Demand Is Booming

<!DOCTYPE html> <html> <head> <meta charset="utf-8"> <title>Top U.S. LNG Exports: China's Gas Demand Is Booming - World-Energy</title> <meta name="keywords" content="LNG Exports" /> <meta name="description" content="Chinese demand for natural gas is set to jump by more than 50% by 2040, from 400 billion cubic meters (bcm) now to more than 600 bcm, according to an executive at the top U.S. LNG exporter, Cheniere Energy.There&rsquo;s no doubt that gas demand growth" /> <meta http-equiv="X-Frame-Options" content="SAMEORIGIN"> <link rel="stylesheet" href="https://www.world-energy.org/statics/images/cpu/js/easytpl/libs/layui/css/layui.css"/> <link rel="stylesheet" href="https://www.world-energy.org/statics/images/cpu/js/layui/css/layui.css"> <link href="https://www.world-energy.org/statics/images/cpu/css/css.css?v=1732968447" rel="stylesheet" type="text/css" />   <script> var _hmt = _hmt || []; (function() { var hm = document.createElement("script"); hm.src = "https://hm.baidu.com/hm.js?37ab132780d9244fadd9d889777cf38f"; 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return false;"><img alt="Weibo" src="https://www.world-energy.org/statics/images/share_icon/weibo.png" /></a></li>   </ul> </div> </div> </div> <div class="m fl p20"> <div class="show-c"> <h1 class="title fz26 fwb black"> Top U.S. LNG Exports: China's Gas Demand Is Booming </h1> <div class="baseinfo"> <i class="iconfont icon-time"></i> <span>23 Oct 2024  by </span><span class="color-front">bloomberg</span>    <a href="javascript:;" class="dofav fr fav" title="Add to my favorites" data-id="45340"><i class="iconfont icon-likefill"></i></a> </div> <div class="content mt40"> <div style="text-align: center;"><img alt="" src="https://www.world-energy.org/uploadfile/2024/1023/20241023030241471.jpg" style="width: 718px; height: 300px;" /><br /> <br />  </div> <div>Chinese demand for natural gas is set to jump by more than 50% by 2040, from 400 billion cubic meters (bcm) now to more than 600 bcm, according to an executive at the top U.S. LNG exporter, Cheniere Energy.</div> <p>“There’s no doubt that gas demand growth in China, in absolute terms, is substantially driven by energy demand, policies like coal-to-gas-switch as well as a huge infrastructure build-up,” Yingying Zhou, director LNG origination at Cheniere, said at the Asia Gas Markets conference on Tuesday, as carried by Reuters.</p> <p>Cheniere expects China to become the world’s first market with 100 million tons of LNG demand very soon. LNG will represent about 25%-30% of China’s total natural gas demand, the executive added.</p> <p>China, which has surpassed Japan in recent years to become the world’s largest LNG importer, will be a key growth driver of global LNG demand growth, industry analysts and major LNG traders say.</p> <p>Houthi Attacks Damage Oil Tanker and Bulk Carrier in the Red Sea</p> <p>For example, Shell, the world’s top LNG trader, expects global LNG demand to surge by 50% by 2040, driven by higher demand from Asia, with coal-to-gas switching in China and a boost in LNG consumption to fuel economic growth in South and Southeast Asia. The global LNG market is set to continue growing into the 2040s, largely driven by China’s industrial decarbonization and strengthening demand in other Asian countries, Shell said in its annual LNG outlook earlier this year.</p> </div> </div> </div> <div class="fl show-keywords_small"> <h2 class="t title-ff fwb fz18 black tr show-keywords-title p20 fl"> Keywords </h2> <div class="fr fz18 keywords"> <i class="iconfont icon-icon-down"></i> <a href="https://www.world-energy.org/search.html?keyword=lng exports">LNG Exports</a> </div> <div class="fr fz18 keywords"> <div class="fixedad ad mt10 mb30" style="width: 630px; padding: 0 0px; height: auto; overflow: hidden;" id="article_end"></div> </div> </div> </div> <div class="r fr"> <div class="fixedad ad mt10 mb30" style="width: 280px; padding: 0 20px; height: auto; overflow: hidden;" id="article_right_11"></div> <div class="sub-r-title fwb fz16 p20">Hot Ranking</div> <div class="top-views" style="height: auto; overflow: hidden;"> <a href="https://www.world-energy.org/article/45340.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/1023/20241023030241471.jpg"> </div> <div class="info"> <span class="fwb fz16 white tc">1</span> <h4 class="fz14">Top U.S. LNG Exports: China's Gas Demand Is Booming</h4> </div> </a> <a href="https://www.world-energy.org/article/39993.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0126/20240126094846494.png"> </div> <div class="info"> <span class="fwb fz16 white tc">2</span> <h4 class="fz14">IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early</h4> </div> </a> <a href="https://www.world-energy.org/article/43756.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0728/20240728111758747.jpg"> </div> <div class="info"> <span class="fwb fz16 white tc">3</span> <h4 class="fz14">Egypt Signs Investment Deals Worth $340 Million to Boost Oil and Gas Production</h4> </div> </a> <a href="https://www.world-energy.org/article/45213.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/1015/20241015053044104.png"> </div> <div class="info"> <span class="fwb fz16 white tc">4</span> <h4 class="fz14">TotalEnergies Expects Lower Q3 Results Amid Outages, Shrinking Refining Margins</h4> </div> </a> <a href="https://www.world-energy.org/article/43539.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0717/20240717091531573.png"> </div> <div class="info"> <span class="fwb fz16 white tc">5</span> <h4 class="fz14">Totalenergies Says Oil Production to Hit High End of Q2 Guidance</h4> </div> </a> <a href="https://www.world-energy.org/article/44105.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0816/20240816094358955.png"> </div> <div class="info"> <span class="fwb fz16 white tc">6</span> <h4 class="fz14">Development plan for Exxon's seventh project in Guyana expected in Q1 2025</h4> </div> </a> <a href="https://www.world-energy.org/article/41556.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2024/0413/20240413105939314.png"> </div> <div class="info"> <span class="fwb fz16 white tc">7</span> <h4 class="fz14">IEA Lowers Global Oil Demand Forecasts on Weak OECD Consumption</h4> </div> </a> </div>  </div> </div> <div class="show-rela"> <div class="l fl p20"> <h2 class="t title-ff fwb fz20 black tr">More News</h2> </div> <div class="r fr"> <ul id="lists"> </ul> <div class="weui-loadmore" id="tips_loading"> <i class="weui-loading"></i> <span class="weui-loadmore__tips">Loading……</span> </div> <div class="page-tips" id="tips_none" style="display: none;"> <i class="iconfont icon-web__zanwujilu"></i><br/> No information at all </div> <input style="display: none;" type="button" class="channel-getmore" data-page="1" value="MORE"> </div> </div> </div> <footer class="mt30"> <div class="wapper"> <div class="fl mr35" style="margin-top: 8px;"> <img src="https://www.world-energy.org/statics/images/cpu/images/002.png"> <div style="margin-top: 20px; 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Top U.S. LNG Exports: China's Gas Demand Is Booming - World-Energy