Will US LNG make a splash in China?
According to Wood Mackenzie, burgeoning US liquefied natural gas supplies accounted for almost 7% of China’s LNG imports in March this year, and a recent Forbes article by Jude Clemente predicts significant growth for US LNG imports to China over the next few decades. Why? He cites factors such as: natural gas pricing, air pollution and the ongoing development of China’s economy. Clemente prophesises: “Just imagine the possibilities: if the Chinese ever consume like Americans, global gas demand would effectively double.”
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