Cheniere Energy expects China gas demand to rise more than 50% by 2040 (updated)

China Gas Holdings

22/10/2024 08:58

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    By Gabrielle Ng and Emily Chow
       Oct 22 (Reuters) - Cheniere Energy  LNG.N  expects China
gas demand to grow to more than 600 billion cubic meters (bcm)
by 2040 from 400 bcm today, a company executive said at the Asia
Gas Markets conference on Tuesday.
    "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," said Yingying Zhou, director LNG
origination at Cheniere.
    China will be the world’s first 100-million-ton LNG market
very soon, with LNG accounting for about 25%-30% of China's
overall gas demand mix, Zhou added.
    China is the world's largest importer of LNG. It imported
71.19 million tons of LNG last year, according to the country's
customs data. 

 (Reporting by Emily Chow and Gabrielle Ng; Editing by
Christopher Cushing and Muralikumar Anantharaman)
 ((gabrielle.ng@thomsonreuters.com ;
emily.chow@thomsonreuters.com))