Friday, 22 October 2010

China's LNG Imports May More Than Quadruple by 2015, LNG Shipbuilder Says

China may more than quadruple imports of liquefied natural gas in the six
years through 2015 because of increased consumption of the cleaner-burning
fuel, said an official from the nation's only builder of LNG vessels. Imports may rise to 25 million metric tons a year as the nation's energy
demand is climbing, Shen Ning, vice director of business and marketing at
Hudong-Zhonghua Shipbuilding (Group) Co., said in an interview in Shanghai
yesterday. Hudong-Zhonghua Shipbuilding has built all of the nation's LNG
tankers. China's LNG imports surged 66 percent to 5.5 million tons last year from a
year earlier. The world's biggest polluting nation wants to triple the use
of gas to about 10 percent of energy consumption by 2020. The shipbuilding company, a unit of China State Shipbuilding Corp., has
delivered five LNG vessels to transport the fuel to domestic terminals and
is building another 145,000 cubic-meter LNG tanker, Shen said.

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