Bloomberg News

Chinese LNG Imports to Rise 42%, Boost Ship Rents, Arctic Says

February 02, 2012

Feb. 2 (Bloomberg) -- Chinese imports of liquefied natural gas will rise 42 percent this year, lifting rates for ships hauling the fuel by adding demand, according to Arctic Securities ASA.

The world’s largest energy consumer will import 17 million metric tons of LNG in 2012, up from 12 million tons last year, Oslo-based Arctic analyst Erik Nikolai Stavseth said in an e- mailed note today. The increase will have a “positive effect” on demand for ships, he said in an e-mail.

--Editors: Dan Weeks, John Deane.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net


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