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Research Report on China's Liquefied Natural Gas (LNG) Import 2023-2032

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    Report

  • 50 Pages
  • December 2022
  • Region: China
  • China Research & Intelligence
  • ID: 5700320
Liquefied Natural Gas (LNG) is recognized as one of the cleanest fossil energy sources on the planet, with a volume of about one six hundredth of its gaseous form. With the global economy gradually moving towards low-carbon and environmental protection, the LNG market size has grown rapidly in recent years. China has insufficient local LNG reserves and therefore needs to import a large amount of LNG every year.

In 2021, China's LNG imports reached 78,789,500 tons, up 18.13% year-on-year, with an import value of US$44.075 billion, up 89.64% year-on-year. According to the publisher's analysis, from January to October 2022, China imported 50,505,300 tons of LNG, down 21.60% year-on-year, and imported US$40.817 billion, up 34.28% year-on-year, due to the COVID-19 outbreak.

The publisher's analysis, from 2018-2022, the average price of China's LNG imports generally shows a decreasing trend followed by an increasing trend. From 2018-2020, the average price of China's LNG imports decreases continuously, from US$499.09 per ton in 2018 to US$348.47 per ton in 2020. From 2020-2022, the average price of China's LNG imports increases continuously. In 2021, the average price of China's LNG imports is US$559.41 per ton, an increase of 60.53% y-o-y. In January-October 2022, the average price of China's LNG imports is US$808.17 per ton, an increase of 71.26% y-o-y.

In 2021, China imports LNG from a total of 27 countries. The publisher's analysis shows that by import volume, Australia, Qatar, the US, Malaysia and Indonesia are the main sources of LNG imports into China. Australia is the largest Chinese LNG importer, and in 2021, China imports 31,102,400 tons of LNG, accounting for 39.48% of total LNG imports in that year, with an import value of US$16,301 million, or 36.98% of total imports.

With China's investment in clean energy on the rise and limited room for growth in domestic LNG production, The publisher expects China's LNG imports to continue to rise over the 2023-2032 period.

Topics covered:

  • China's LNG Import Status and Major Sources in 2018-2022
  • What is the Impact of COVID-19 on China's LNG Import?
  • Which Companies are the Major Players in China's LNG Import Market and What are their Competitive Benchmarks?
  • Key Drivers and Market Opportunities in China's LNG Import
  • What are the Key Drivers, Challenges, and Opportunities for China's LNG Import during 2023-2032?
  • What is the Expected Revenue of China's LNG Import during 2023-2032?
  • What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
  • What are the Competitive Advantages of the Major Players in China's LNG Import Market?
  • Which Segment of China's LNG Import is Expected to Dominate the Market in 2032?
  • What are the Major Adverse Factors Facing China's LNG Import?

Table of Contents

1. 2018-2022 China's LNG Import Analysis
1.1. China's LNG Import Scale
1.1.1. China's LNG Import Volume
1.1.2. China's LNG Import Value
1.1.3. China LNG Import Price
1.1.4. China's Apparent LNG Consumption
1.1.5. China's LNG Import Dependence
1.2. China's Main Sources of LNG Imports
1.2.1. By Import Volume
1.2.2. By Import Value
2. 2018-2022 China LNG Import Analysis by LTA
2.1. Import Volume
2.2 Import Value
2.3. Import Price
2.4. Import Sources
2.4.1. By Import Volume
2.4.2. By Import Value
3. 2018-2022 China Short Contract/Spot LNG Import Analysis
3.1. Import Volume
3.2. Import Value
3.3. Import Price
3.4 Import Sources
3.4.1. By Import Volume
3.4.2. By Import Value
4. 2018-2022 China's Main Import Sources Analysis
4.1. Australia
4.2. Qatar
4.3. United States
4.4. Malaysia
4.5. Indonesia
4.6. Other Import Sources
5. China's LNG Import Outlook 2023-2032
5.1 Factors Affecting China's LNG Imports
5.1.1 Favorable Factors
5.1.2. Unfavorable Factors
5.2. China's LNG Import Forecast, 2023-2032
5.2.1 Import Volume Forecast
5.2.2. Forecast of Major Import Sources

Methodology

Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.

Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.

Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.

The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.

The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.

1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.


 

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