Tuesday, 17 October 2017

China’s switch from coal to gas power propels up LNG imports

Dapeng Sun, China's first self-built LNG carrier Dapeng Sun, China's first self-built LNG carrier

Low global LNG prices have improved the economics in China to generate electricity from natural gas instead of coal, and the subsequent surge in imports also increased the number of landed cargoes from the United States. According to the US-China Economic and Security Review Commission, the worth of US LNG exports in Jan-July 2017 exceeded $139 million, already 2% more than the 2016 total.

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