DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Research Report on China Liquefied Natural Gas (LNG) Import, 2017-2021" report to their offering.
According to the researcher, LNG production volume of China was about 136.9 billion cubic meters in 2016, up by 1.7% YOY
China's conventional natural gas reserves and production volume are not abundant which cannot meet the growing demands. Due to the limited growth potential of domestic natural gas production volume, it is inevitable to import natural gas. China's dependence on imported petroleum and gas keeps growing. In 2016, China's LNG import volume was 26.15 million tons, up by 32.97% compared to 2015. In 2016, there were 17 LNG countries of origin for China, yet over 90% of imported LNG was imported from 5 LNG countries of origin which had long-term contracts with China.
According to the report, from Jan to May in 2017, China imported around 400,000 tons of LNG worth USD 166 million from the U.S., and the average import price was USD 401 per ton. Although there were large gaps in the import volume of LNG between U.S. and the top two import resources: 5.46 million tons from Australia and 3.11 million tons from Qatar, the U.S. is still expected to become one of the major import resources with further implementation of "Sino-US 100-Day Action Plan".
China's major LNG import resources include Australia, Qatar, Indonesia, Malaysia, Papua New Guinea and so on. Australia is lower than America and America is lower than Qatar in terms of average import price, therefore, American LNG has an obvious advantage in price. From the perspective of transportation distance, it takes 10-12 days for Australian LNG while 15-20 days for Qatar to reach China. Australian and Qatar have large advantages over America.
Key Topics Covered:
1. Overview of China LNG Industry
2 Development Environment of China LNG Industry, 2015-2017
3 Analysis on LNG Import in China, 2015-2017
4 Analysis on Major Countries Of Origin of China's LNG Import
5 Major Chinese Import Enterprises of LNG
6 Forecast on LNG Import Volume in China, 2017-2021
- China National Offshore Oil Co., Ltd.
- China National Petroleum Corporation
- Dongguan Jiufengtian Natural Gas Reservation and Transportation Co., Ltd.
- ENN Group
- Sinopec Group
- Xinjiang Guanghui Industry Investment Group Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/z9vbgx/research_report