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Understanding the competitive landscape for China’s LNG market.

Author(s) : IEEFA (Institute for Energy Economics and Financial Analysis)

Type of monograph: Report

Summary

Gas exporters have touted the potential of liquefied natural gas (LNG) to replace coal and reduce emissions in China. China’s LNG demand appears limitless when viewed as a simple substitute for coal. However, LNG faces intense competition from coal, renewables, and other gas sources in terms of cost and energy security. For example, in the power sector, LNG has yet to reduce China’s coal usage due to high costs and the rapid growth of cheaper renewables. Volatility in global markets and escalating tensions with suppliers like the U.S. have only weakened the case for LNG in China. If the country’s demand stagnates, Chinese companies may increasingly look to resell contracted LNG abroad, exacerbating the global market oversupply set to emerge later this decade.

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Pages: 8 p.

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Details

  • Original title: Understanding the competitive landscape for China’s LNG market.
  • Record ID : 30033824
  • Languages: English
  • Subject: Figures, economy
  • Publication date: 2025/04

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