China’s gas market has seen robust demand growth, matched with domestic production growth and rising Russian pipeline flows, leading to our conclusion that LNG demand will peak in 2032. However this doesn’t diminish China’s role in the global LNG market. With extensive regasification infrastructure, rising storage capacity, a diverse LNG contract portfolio, and multiple supply sources, China is positioned to potentially transition from a pure LNG importer to a global trader, gaining greater flexibility and optionality.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Otar Dgebuadze, Natural Gas Research

This podcast was recorded on October 31, 2025.

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