float: left; One positive sign is that some of the projects targeted by Chinese companies (Plaquemines LNG, Rio Grande LNG) are planning carbon capture and sequestration to reduce their CO2 emissions.[50]. [33] Sinochem,SinoChem and Cheniere Signed LNG Long Term Contracts, LNG. By injecting hydrogen into the natural gas network, the transportation issue could Asia remained the main demand center for LNG, growing by 7.1% DOWNLOAD GIIGNL GIIGNL is a non-profit organisation whose objective is to promote the development of activities related to LNG: purchasing, importing, processing, transportation, It is worth noting that Chinese companies have not yet signed for NFE volumes, as all of their recent contracts start between 2022 and 2024, whereas NFE is expected to start by 2025. } Building a World that Works for Tomorrow. #views-exposed-form-resource-library2-page #edit-title-wrapper label { margin-top: 8px; padding-top: 60px; Learn more about how Statista can support your business. background-color: transparent; Chinas accelerated LNG-contracting activity was caused by two short-term triggersrising LNG demand and record-high Asian spot gas pricesas well as expectations of growing gas and LNG demand in the long term. This compares with around 48 bcm of pipeline gas supply from Russia (once the Power of Siberia 1 pipeline deal comes to plateau and the new pipeline from the Sakhalin Peninsula is built) and 11 bcm of Russian LNG. Given the heightened tensions between the US, the EU, and their allies on the one hand, and Russia on the other, Chinas dependency on gas supplies from both the US and Russia puts it in a relatively delicate position. Liquefied natural gas (LNG) is natural gas (predominantly methane, CH 4, with some mixture of ethane, C 2 H 6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport.It takes up about 1/600th the volume of natural gas in the gaseous state (at standard conditions for temperature and pressure).. LNG is odorless, colorless, non-toxic and #block-views-podcast-search2-block ul.views-view-grid li { background: url(/sites/default/files/podcast-images/Final-Columbia-Energy-Exchange-Cover-Art-01.png) no-repeat center center; Q&A | China-Russia Energy Relations: Will New Oil and Natural Gas Deals Help Russia Weather Economic Sanctions? Directly accessible data for 170 industries from 50 countries } ECCT and CPC co-published the Net Zero by 2050: The Best Practice Report, CPCs joint venture, the NiMiC Ship Management Co. Ltd., cultivates the first Taiwanese chief engineer of an LNG ship, CPC signed a Global Strategic Cooperation Framework Agreement with Schlumberger, Government Website Open Information Announcement, Pollution Prevention & Environment Protection, Registration Procedure for Buyers of CPCs Petroleum Product for Export, Registration Procedure/Pre-qualification For Sellers of CPCs Petroleum Product Import, Registration Procedure/Pre-qualification For Small Cargo Buyers of CPCs Petroleum Product Export, Registration Procedure for Spot Crude Oil Suppliers, Accounting Manual for Overseas Investment, Response to Climate Change & Ecological Conservation, Featured Story 1: World Toilet Day Experience the soothing convenience in CPC, Featured Story 2: How numbers depict the story of Taiwan Oil Field Exhibition Halls social impact, Featured Story 3: Sustainable path that walked far and wide by CPCs staffs. border: none; min-height: unset; On average, Chinese buyers pay a price for imported LNG that is far lower than JKM. [CDATA[// >