China is the World's Largest Buyer of Liquefied Natural Gas

  • Beijing, People's Republic of China
  • 3 July 2023
1

China is experiencing a natural gas shopping boom, and officials are focusing on importers continuing to close deals even after the global energy crisis subsides. China is on track to become the world's largest importer of LNG in 2023.

The government continues to support the efforts of state-owned buyers to sign long-term contracts and even invest in export facilities to enhance energy security during the mid-century.

For the third year in a row, Chinese companies agreed to buy more gas on a long-term basis than any single country, according to Bloomberg data."

Source (Al-Arabiya.net Website, Edited)

Related News

Get an annual subscription in the quarterly Arab Economic bulletin

SUBSCRIBE NOW