Natural gas demand in China is likely to grow this year as the economy recovers, but whether the country's imports of liquefied natural gas (LNG) rebound will depend on spot prices, an executive of PetroChina International said.
"This year, we expect at least the same level – we believe there could be slightly more given recovery of the economy," Zhang said.
As China's economic activity ramps up following the end of lockdowns, its domestic LNG demand could increase by 10% this year, the International Energy Agency has said, but Zhang remained cautious with predictions. "If the spot LNG prices remain high like last year, we don't expect a quick rebound of the LNG purchases in China."
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