Bloomberg News

China LNG Imports to Rise 30 Percent in 2012, Mirae Forecasts

December 15, 2011

Dec. 15 (Bloomberg) -- China’s liquefied natural gas imports are forecast to rise 30 percent to a record high next year to satisfy the country’s growing demand for electricity, Mirae Asset Securities Ltd. said in a report today.

China is set to import about 13 million metric tons of LNG through the end of the current year, according to Mirae, which expects China to sign more long-term deals with Australia, Indonesia, Qatar and Malaysia to buy natural gas.

To contact the reporter on this story: Jacob Adelman in Tokyo at jadelman1@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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