China to Focus on Domestic Development
China will need much less liquefied natural gas (LNG) from 2020 onwards than in the coming decade. The country is aggressively developing its own massive gas reserves, which will lead to imported gas requirements falling dramatically
China is looking at various new sources, including shale gas and producing gas from coal.
By developing these new sources, the country will cut its need for new tanker-delivered LNG to eight million tonnes a year from 2020 compared to 16 million tonnes annually over the coming decade.
Source: India Daily