The world’s main liquefied natural gas (LNG) demand growth market, China, will continue to be the single largest source of LNG demand globally in 2019. However, the breakneck demand surge of the past two years is expected to slow down this year as China is determined to avoid severe shortages by boosting pipeline connectivity, building more storage and import terminals, and raising domestic natural gas production. To be sure, LNG demand in China will still grow, just at a slower pace than it did in 2017 and 2018, analysts say. In the 2017/2018 winter season, China gobbled up spot cargoes to meet soaring natural gas demand in freezing temperatures, upending the LNG market, which was thought to be on the verge of oversupply just a year ago. The Chinese coal-to-gas switch policy for millions of households backfired with severe gas shortages last winter, lifting domestic Chinese LNG prices to […]