China: Growing import volumes of LNG highlight China’s rising energy import dependency [GGP]
China’s gas demand growth looks set to be strong over the next several years, driven by government environmental policies. Since Chinese national oil companies are trying with only limited success to raise domestic production, a greater dependence on imports of gas is almost inevitable –whether by pipeline from neighbouring countries or as LNG from more distant suppliers. Either way, China’s rising dependence on seaborne energy imports at a time of increasing geopolitical tension with the US is likely to cause growing concern in Beijing. While China has few short-term options to mitigate the strategic vulnerabilities associated with rising seaborne supplies, it may increasingly turn to Russia as a source of imported gas.
DOWNLOAD the report China: Growing import volumes of LNG highlight China’s rising energy import dependency, by Stephen O’ Sullivan, Senior Visiting Research Fellow, Oxford Institute for Energy Studies (OIES)
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