The West buys Chinese solar while China doubles LNG imports
Tom KirkmanIndependent Project Manager
While the Wild Woke West is busy buying Chinese-made solar panels, China is working toward *doubling* its LNG imports.
^ Some inconvenient info right there.
The world will need oil & gas and LNG for many more decades. Denial is a long river in Africa.
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“Beijing intends to build 34 coastal LNG-receiving terminals and add 224 billion cubic metres worth of receiving capacity by 2035,
● more than doubling the country’s current capacity, according to a draft plan issued by the Ministry of Transport in 2019.
By the end of 2021, China had 22 LNG terminals in operation, with a total receiving capacity of 92.27 million tonnes, official data shows.
According to the country’s 14th five-year plan for 2021-25 on modern energy systems, enhancing the construction of gas-storage facilities such as LNG terminals is one of the keys to improving the flexibility of China’s energy supply.
“China is a big country and already has a very large gas market – probably the size of the [European Union] in 2022 – so it makes sense to have a lot of LNG terminals,” Corbeau said.
“To supply the different regions, it makes sense to have quite a lot of LNG capacity spread around the country, to have more entry points and to better supply various regions.”
China surpassed Japan to become the world’s largest LNG importer in 2021, and Chinese companies have signed a record number of long-term contracts with suppliers over the past two years, many from the US.
“From a security-of-supply point of view, it also makes sense to have more LNG capacity in case something happens with another supply source – as demonstrated by Europe with Russia,” Corbeau added. …’