China’s growing LNG demand will shape markets, strategies

10/15/2007
China’s rapidly growing demand for clean energy sources stands to make it a major LNG importer in coming years. Sixteen of the world’s most heavily polluted cities are in China, and environmental damage causes more than 750,000 Chinese to die prematurely each year and costs China up to $200 billion/year.1China has huge LNG demand potential. Natural gas currently provides only about 4% of China’s national energy supply (as opposed to 23% in the US).2 Yet gas demand will grow rapidly if China’s leadership becomes serious about controlling pollution and summons the will to launch price reforms in the coal, gas, and electricity markets.These are intertwined because gas...
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