China: LNG Market China is Now World’s Second Biggest LNG Importer
With imports of 38.1 million tonnes of LNG in 2017, China has passed South Korea to gain the No 2 spot in the global LNG import market. Japan continues to lead the number one rank.
Shanghai/China – China has become the world’s second biggest importer of liquefied natural gas (LNG), according to China’s General Administration of Customs. Prior to this, South Korea enjoyed this spot. Recent customs data reports that China imported 38.1 million tonnes of LNG in 2017 which was more than the 37.6 million tonnes that South Korea imported last year.
On the other hand, government data reveals that Japan, the world’s largest importer had shipped in 72.3 million tonnes by the end of November 2017. China’s rise in imports was witnessed owing to the President Xi Jinping’s initiatives to improve air quality and replace coal-burning furnaces with clean natural gas.