【China LNG Market】
After nearly 20 years of development, China’s LNG industry has embarked on a journey from a liquefied natural gas “big country to a powerful country”. After years of development, my country has now become the world’s unique and dynamic LNG market. Data show that in 2020, my country’s LNG production will reach 13.329 million tons, a year-on-year increase of 11.4%. From January to December 2020, the top ten provinces and cities in China by LNG production were Inner Mongolia, Shaanxi, Shanxi, Sichuan, Xinjiang, Ningxia, Shandong, Chongqing, Henan, and Hubei.
As one of the world’s largest LNG importers, my country’s LNG import volume has been increasing year by year. From January to October 2021, China’s LNG import volume was 64.5 million tons, a year-on-year increase of 22.5%. In terms of value, China’s LNG imports from January to October 2021 amounted to US$30,430.7 million , a year-on-year increase of 65.4%. Up to now, the number of LNG receiving stations that have been put into operation in China is 22, including 3 PetroChina, 2 Sinopec, 4 CNOOC, 7 national pipeline networks, 1 Shenzhen Gas, a total of 5 private enterprises, LNG acceptance The capacity exceeds 90 million tons/year.
In May 2021, the General Department of the National Energy Administration issued the “Special Supervision Work Plan for the Fair Opening of Natural Gas Pipeline Networks and LNG Terminals”. The interconnection of facilities is included in the supervision content. In the current LNG terminal business plan, Sinopec will focus on the construction of Tianjin LNG Phase II and Shandong LNG Phase II in terms of LNG terminal business, and PetroChina will promote the construction of key storage and transportation facilities such as Tangshan and Jiangsu LNG terminals in an orderly manner. With the gradual commissioning of the LNG receiving station project under construction, the domestic LNG receiving capacity will further increase.
of LNG ships connected to Chinese ports throughout the year was 1,529, with ships from 25 countries in the world. In the next three years, China’s LNG application market has broad prospects and strong demand.
【Exhibition Highlights】
(1) A wide-ranging natural gas event – LNGTech 2022 showcases and promotes upstream, midstream and downstream themes, and has become a wide-ranging natural gas event.
(2) Industry support – LNGTech has received support from domestic and foreign industry associations and industry media. In 2022 we will continue to maintain this supportive relationship within the industry, further expanding the appeal of our event to industry insiders.
(3) International cooperation – LNGTech has received support from relevant international fields and consulates in China. They will organize pavilions to participate in exhibitions and conferences.
(4) Technical Forums of Excellence – We will provide technical forums featuring case studies and technological innovations for specific vertical markets.
(5) Networking – We understand the importance of gathering suppliers and buyers together, and plan to further promote business connections between them before the exhibition and during the LNGTech2022 exhibition, including online and offline exhibitor procurement Matchmaking.
Post time: Jul-31-2022
