Goldman Sachs estimates China’s 2024 LNG imports to revert back to previous record high

Earlier from Goldman Sachs:

• Asia LNG prices could jump to above $20/MMBTU if European gas supply tightens this winter.

More now:

• China’s 2024 LNG imports are estimated to revert back to the previous record high of just over 80 million tonnes per year.
• Russia to China gas pipeline is expected to be fully utilized next year, leading to significant growth in China’s LNG imports over the next 10 years.
• China’s power sector is expected to be the main long-term driver of natural gas consumption.

This article was written by Eamonn Sheridan at www.forexlive.com.