Global Markets: China to increase LNG import capacity

China is lining up the construction of new LNG import facilities while also expanding its existing LNG terminal in the Greater Bay area.

The area includes the cities of Hong Kong, Macau and nine other neighboring cities in the Guangdong province, with the government looking to transform it into an economic center, the state-owned news agency Xinhua reports.

China, the world’s second-largest importer of LNG, is continuing to boost its imports of the chilled fuel and has reached a new record high as it is pursuing its strategy for cleaner air.

China imported 53.7 million tonnes of LNG in 2018, a rise of almost 38 percent compared to 2017 when China has surpassed South Korea as the world’s second largest LNG importer.

LNG World News Staff

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