The sector is being driven by increasing demand as more countries prioritize LNG as an energy source, replacing oil and coal, combined with increasing supply as more projects continue to come online.
China is at the forefront of this growth and is emerging as the largest source of new LNG demand growth and second largest importer of LNG, VesselsValue noted, adding that China’s natural gas consumption has surged amid a gasification programme and plan that is shifting millions of households and a large number of factories to natural gas from coal.
