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Wed 10 Nov 2010 04:32 PM

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China may become Asia's biggest gas market by 2015 - Shell

China to import more tanker-borne liquefied gas, pipeline supplies from Russia and central Asia

China may become Asia's biggest gas market by 2015 - Shell
CHINESE DEMAND: China may surpass Japan as Asia’s biggest natural-gas user by the middle of this decade, according to Royal Dutch Shell (Getty Images)

China may surpass Japan as Asia’s biggest natural-gas user by the middle of this decade, according to Royal Dutch Shell.

“China could
overtake Japan to become the largest gas market in Asia by 2015,”
Stuart Bradford, head of marketing, strategy and analysis at Shell
Energy Europe, said at a conference in Berlin on Wednesday.

China will
import more tanker-borne liquefied gas as well as pipeline supplies
from Russia and Central Asia, he said. Tens of thousands of kilometers
of gas pipelines are under construction in the country, Bradford said.

The nation has three operating LNG terminals and 16 are currently at different stages of planning or construction.

Japan is dependent on fuel imports and is the world’s biggest buyer of LNG, ahead of South Korea.

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