China LNG demand forecast revised up by 48%
China’s seemingly unstoppable appetite for energy has boosted the country’s liquefied natural gas (LNG) demand forecasts by 48% from earlier estimates, as unconventional supply looks to plug the supply and demand gap, says a new report
China's appetite for liquefied natural gas (LNG) is set to rise by 48% in 2020, according to a report titled Race for Supply - The Future of China's Gas Market, by Wood Mackenzie Consultants. The Edinburgh-based energy research firm said demand for unconventional gas, particularly shale, will increase significantly to help meet China's strong gas demand growth.
"China's demand for LNG is driving Pacific LNG market growth," says Gavin Thompson, China Gas Study director at Wood Mackenzie. "We now
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