The world’s two largest economies—the United States and Mainland China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG) in 2022.
China has signed a long-term agreement to import LNG that will be supplied from two installations in Louisiana operated by US company Venture Global.
Russian State-owned giant gas supplier Gazprom reported that the gas supply to China through the Power of Siberia Pipeline would remain above the contract levels as the company planned further deliveries increase in 2022.
China is continuing to increase its monthly liquefied natural gas imports and will likely become the world’s largest LNG importer in 2021.
A unit of UK-based energy giant BP has signed a new deal to supply regasified LNG to a subsidiary of China’s State Power Investment Corporation (SPIC).
– China’s gas consumption could double in the next 15 years, Viktor Zubkov, chairman of Gazprom’s board of directors, said as quoted by RIA Novosti news agency.
Gazprom approved the feasibility study for the project to build the Soyuz Vostok gas pipeline for supplies from Russia to China via Mongolia.
China is consistently pursuing its energy transition and has just signed a new supply contract for Qatari liquefied natural gas.
Russian energy company Novatek has announced that its subsidiary Novatek Gas & Power Asia has signed a long-term contract with the Chinese state-owned company Shenergy Group.