Recently, China has significantly strengthened its influence in the global liquefied natural gas (LNG) market. In the medium term, China’s importance to the global energy market will only increase on the backdrop of increasing demand and Beijing’s transformation into an important import intermediary. informs Bloomberg agency.
“Chinese companies enter most LNG purchase deals in any country and are increasingly becoming key import agents in the industry. Companies from China account for around 15% of all contracts to start supplying LNG by 2027. This trend will intensify,” the article states.
The latter is explained by the fact that a growing number of companies are trying to sign longer-term deals against the backdrop of an intensifying energy crisis and a gradual recovery in fuel demand. The article concludes that these contracts will effectively give Chinese traders “for decades” control of the fuel market.
February 17 analysts of the international oil and gas company Shell sent The results of the review of the global energy market, as the global gas market will be under pressure in the near future. With limited new capacity, China and Europe will compete for available liquefied natural gas (LNG) volumes.