ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China on pace to become top natural gas importer in 2018

Asian fuel demand surges, driving scramble for new suppliers

Environmental concerns are a big driver of China's rising imports of natural gas, which burns more cleanly than coal.   © Reuters

TOKYO -- China is expected to become the world's biggest importer of natural gas for the first time in 2018, overtaking longtime leaders Japan and South Korea.

The increase in China's imports impacts the spot price for liquefied natural gas in Asia, which doubled between July and December of last year to $11.20 per million British thermal units from $5.45.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more