CHINA is the 3rd largest importer of LNG, and maintains a sustained growth.
The state-owned ‘Big 3’ of Sinopec Group, China National Offshore Oil Corp. (CNOOC) and China National Petroleum Corp. (CNPC) have spent aroundUSD 200 billionon foreign acquisitions and joint ventures.
China plans to increase the use of natural gas from 6% to 10%of its energy consumption by 2020.
China’s efforts on using cleaner fuels to fight air pollution in cities and mitigate CO2 emissions have led to growth in natural gas imports and small scale LNG.
Shanghai is the international metropolis of China. It is an economic, financial, trade, transportation, science and innovation centre. China’s best LNG infrastructure is found in Shanghai and where the first station, no. 5, was built.