Login

      E-mail
      Password

      Leading provider of market intelligence and pricing solutions for energy products and commodities in China

      LATEST
      Oman (Oman) 70.72 Brent 68.51 Brent Dtd (UK) 69.79 Dubai (UAE) 70.52 SC crude contract 518.7 Shengli (China) 67.04 WTI 65.25 Oman (Oman) 70.72 Brent 68.51 Brent Dtd (UK) 69.79 Dubai (UAE) 70.52 SC crude contract 518.7 Shengli (China) 67.04 WTI 65.25

      JLC and RBAC jointly hold LNG seminar in Singapore

      5:48pm 24 Apr, 2024 Ray Chen

      Guangzhou (JLC), April 24, 2023 – JLC and RBAC successfully concluded their LNG seminar themed “LNG Market Insights for Asia” in Singapore on April 23, together offering a panoramic view on different aspects of the LNG industry around the world.

       

      Co-organized by RBAC Inc., a leading supplier of global and regional gas and LNG market simulation systems, the seminar delved into the global and Asia’s gas and LNG markets, with a special focus on China’s market fundamentals and future trends.

       

       LNG seminar

      Participants listen attentively and respond positively to the presentations

       

      Dr. Robert Brooks, Founder and CEO of RBAC, kicked off the meeting with a presentation covering the global gas and LNG outlook using RBAC’s G2M2 Market Simulator. The global LNG market is currently characterized by distinct trends including robust growth, diversification, modernization of tanker fleet, greener supply chain and coal-to-gas switching, Dr. Robert Brooks said.

       

      The global LNG market is expected to increase from 400 million mt in 2023 to over 600 million mt in 2029, he noted. Global LNG peak is expected at 658 million mt in 2032, falling by about 7% to 613 million mt by 2050 and averaging 636 million mt between 2031 and 2050, he added.

       

       LNG seminar

      Dr. Robert Brooks shares his insights into global LNG markets

       

      David Zhou, Executive Vice President of JLC, delivered a speech entitled “Overview of China’s Natural Gas Market”, which shed light on China’s market fundamentals, consumption patterns and structure, as well as future trends.

       

       LNG seminar

      David Zhou shares his observations on China’s gas industry

       

      China’s gas consumption grew by 26.5 billion cubic meters (bcm) or 7.3% year on year to 391 bcm in 2023, in line with its annual GDP growth of 5.2% last year, David Zhou said. In 2024, the gas consumption is expected to rise by another 28.0 bcm, he added, as the country is now working hard to achieve its GDP growth target of around 5% this year and pushing for a green transition.

       

      Last year, China saw strong growth in domestic gas production, piped natural gas (PNG) imports and LNG imports. Notably, China overtook Japan as the world’s top LNG importer in 2023, with LNG imports growing 12.6% year on year to 71.32 million mt (roughly 98.3 bcm).

       

      Looking ahead, David Zhou predicted that China’s gas production, PNG imports and LNG imports will reach 243.4 bcm, 74.2 bcm and 108.3 bcm in 2024, growing by roughly 11 bcm, 7 bcm and 10 bcm from last year, respectively.

       

      From a longer-term perspective, he predicted that China’s natural gas demand will probably peak around 2040.


      Yang Jiaxin, a senior analyst of RBAC, delivered a speech themed “The Future Outlook of Asia – U.S. LNG Trade under Various Uncertainties”, which threw spotlight on China and U.S. market dynamics and trends in different scenarios.


       LNG seminar

      Yang Jiaxin shares her findings and forecasts

       

      China’s gas consumption may show various degree of growth in the coming ten years. In her “Base Case” scenario, China’s gas consumption may rise to over 620 bcm in 2035. The figure will be revised down to just above 500 bcm in 2035 in her “Low Demand” scenario, according to Yang Jiaxin.

       

      Speaking of the Biden administration’s decision on pausing approvals for some new LNG projects, Yang Jiaxin said that a total of 41 million mt of capacity in the U.S. will be affected. There will be a significant reduction in LNG from the U.S. to Europe and India, she said.

       

      In the Q&A session, participants and the presenters shared in-depth and heated discussions over the trends and dynamics in different markets.

       

       LNG seminar

      The presenters answer questions from the audience

       

      The seminar offered a platform for industry participants to communicate and explore business opportunities. JLC will continue to use its strength in digital and intelligent services to empower our customers and facilitate growth in the industry.


      主站蜘蛛池模板: 久久精品视频99| 免费夜色污私人影院在线观看 | 欧美国产一区二区| 巨胸喷奶水视频www网免费| 亚洲欧洲精品成人久久曰| 美女黄网站人色视频免费| 女人18毛片a级毛片| 久久精品国产只有精品66| 绿茶可约可空降直播软件| 国产福利一区二区三区在线观看| 久久久久琪琪去精品色无码| 污污的网站免费观看| 国产00粉嫩馒头一线天萌白酱| 亚洲黄色激情视频| 天天色天天射综合网| 久久99精品久久只有精品| 欧洲一级毛片免费| 亚洲精品无码不卡| 精品国偷自产在线视频| 国产午夜小视频| 可以免费看黄的网站| 日产国产欧美视频一区精品| 亚洲国产成人久久一区二区三区 | 特级淫片国产免费高清视频| 国产一级伦理片| 免费在线色视频| 国产精品视频观看| jizzjizz日本护士| 成人黄页网站免费观看大全| 久久精品亚洲欧美va| 欧美午夜精品久久久久免费视 | 伊人一伊人色综合网| 美女胸又www又黄网站| 国产午夜精品福利| 色屁屁www欧美激情在线观看| 国内精品久久久久精品| 一二三四在线观看免费高清视频| 插我一区二区在线观看| 久久夜色精品国产噜噜麻豆| 桃子视频在线观看高清免费视频 | 国产精品欧美一区二区三区不卡 |