Smog-choked China swapping energy independence for cleaner air
It will increase imports of liquefied natural gas by about 30 per cent this year as the government pushes cleaner fuels
Beijing
CHINA is becoming more dependent on overseas natural gas as it seeks to wean itself off coal and avoid the toxic smog that suffocates the country every winter.
The world's largest energy user will increase imports of liquefied natural gas (LNG) by about 30 per cent this year as domestic production stagnates and the government pushes cleaner fuels in an effort to clear polluted skies, according to SCI International and North Square Blue Oak Ltd. Imported gas, including both seaborne and pipeline supplies, may account for about 40 per cent of the country's gas use by the end of this decade, up from roughly a third last year, they said.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop
Oil settles near 7-week lows, focus shifts to economy
Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
Shell maintains pace of buybacks as profit beats estimates