China’s imports of LNG from the U.S. rose by 57% in November compared to October and amounted to a record 407.325 thousand tons. The U.S. took the third place among the leading suppliers of LNG to China, Bloomberg reported.
The demand for LNG in China rose against the backdrop of measures taken by the country's authorities to combat environmental pollution, including, in particular, reducing the use of coal in favor of cleaner fuels.
According to experts from Sanford C. Bernstein & Co., the use of natural gas in China by 2040 may increase almost threefold compared to the level of 2016 - up to 600 billion cubic meters. By 2050, China can bypass the U.S., becoming the world's largest consumer of LNG.