According to TechSci Research report “China LNG Market Demand & Supply Analysis, By End-User, By LNG Terminals Forecast and Opportunities, 2011 – 2021”, the market for imported LNG is projected to grow at a CAGR of over 15% during 2016 - 2021
1. M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
China LNG Market Demand & Supply Analysis,
By End-User, By LNG Terminals Forecast and
Opportunities, 2011 – 2021
13. I n d u s t r y B r i e f
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China LNG Imports to Grow at CAGR 15% till 2021
Growing demand from power, industrial, residential and transportation sectors, and rising concerns over increasing carbon
dioxide emissions to drive China LNG market through 2021
According to TechSci Research report “China LNG Market Demand & Supply Analysis, By End-User, By LNG Terminals
Forecast and Opportunities, 2011 – 2021”, the market for LNG imports to China is projected to grow at a CAGR of over
15% during 2016 - 2021, on account of increasing peak demand from residential consumers for space heating and rising
demand from integrated LNG power plants. China National Petroleum Corporation (CNPC), a state-owned oil & gas
corporation, is the largest integrated oil & gas company in China. The company dominates onshore pipelines business in the
country and also operates through cross-country pipelines - Central Asia-China Pipeline and China-Myanmar Pipeline.
Increasing natural gas consumption and limited natural gas production is boosting demand for liquefied natural gas (LNG) in
the country. In 2014, LNG imports accounted for around 46% of the country’s total natural gas imports, making China the
third largest importer of LNG in the world, after Japan and Korea. Major consumers of LNG in China include power,
industrial, residential and transportation sectors. Industrial sector is one of the largest natural gas consumer in China owing
to increasing demand from smelting & pressing of ferrous metals, petrochemical plants, petroleum processing, coking and
processing of nuclear fuel and petrochemical plants. China LNG market is mainly dominated by national oil companies such
as China National Offshore Oil Corporation (CNOOC), China National Petroleum Corporation (CNPC), Sinopec and their
subsidiaries. The highest regional demand for LNG is forecast to emanate from East China, due to rising LNG consumption
from industrial, power and petrochemical sectors in the region.
“Government of China prioritized expansion of natural gas based power plants, on account of growing air pollution and
rising greenhouse gas emissions. This is boosting installation of new natural gas based power plants along with LNG
terminals, especially in Guangdong and Shanghai provinces of the country. In order to reduce coal consumption, Beijing has
already replaced four major coal-based power plants with natural gas. In the coming years, the government is planning to
replace all coal based power plants in the country with natural gas based power plants. This shift towards natural gas based
power plants is forecast to propel growth in natural gas exploration and production, as well as augment China’s LNG imports
in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
15. R e p o r t O r d e r i n g
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Report Name: China LNG Market Demand & Supply Analysis, By End-User, By LNG
Terminals Forecast and Opportunities, 2011 – 2021
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