Natural gas demand in China is likely to grow this year as the economy recovers, but whether the country's imports of liquefied natural gas (LNG) rebound will depend on spot prices, an executive of PetroChina International said.
"This year, we expect at least the same level – we believe there could be slightly more given recovery of the economy," Zhang said.
As China's economic activity ramps up following the end of lockdowns, its domestic LNG demand could increase by 10% this year, the International Energy Agency has said, but Zhang remained cautious with predictions. "If the spot LNG prices remain high like last year, we don't expect a quick rebound of the LNG purchases in China."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: China increasingly ambitious with 2023 growth target, may aim for up to 6%China is becoming increasingly ambitious with its 2023 growth target, aiming potentially as high as 6%, in a bid to boost investor and consumer confidence and build on a promising post-pandemic recovery, sources involved in policy discussions said.
Read more »
Meet BlackRock's alternative-investments execs driving growth in 2023The 22 executives running BlackRock's pivotal $318 billion alternatives business, from private equity power players to decarbonization dealmakers
Read more »
Klaytn Blockchain Will Focus on Increasing KLAY Token Demand in 2023Increasing demand and value for Klaytn’s native $KLAY tokens are at the center of the latest technology and developer roadmap released by the blockchain's developers earlier this week. By shauryamalwa.
Read more »
Nigeria presidential election 2023: Bola Tinubu declared winner amid calls for a rerunRuling party candidate Bola Tinubu declared winner of Nigeria's presidential election, amid calls from the opposition for a rerun in Africa's largest democracy.
Read more »
How to Style Floral Dresses for Bridesmaids 2023 / 2024 » Fashion AllureNot sure how to style a floral bridesmaid dress? Unsure if the trend will work for your wedding? Don't worry, we’re here to help. Here are our top tips on how to work florals into your bridesmaid dresses and your wedding theme.
Read more »
New Wedding Trends to Watch For In 2018 2023 / 2024 » Fashion AllureWhether you'd like your reception to be at a beautiful beach or maybe inside a gorgeous venue, it is important to remember that all of your wedding details should express your personality. There are however, some guidelines on how to make you reception even more fashionable.
Read more »