The continued spike in the global oil price turns alternative sourcesof energy, clean energy in particular, into a growing interest to the public. As environmentally friendly energy, natural gas attracts increasing at...The continued spike in the global oil price turns alternative sourcesof energy, clean energy in particular, into a growing interest to the public. As environmentally friendly energy, natural gas attracts increasing attention. The LNG industry is still in its infancy in China. The Guangdong LNG project, the first LNG project ever undertaken in China, was brought into operation on June 28, 2006. However, the market conditions faced by other LNG projects to be launched have changed a lot since the Guandong project was negotiated. The global LNG market has changed from a buyer’s to seller’s market since 2005, with the LNG price continuing its upward spiral. Under the pressure of the shrinking LNG supply and soaring price, the Chinese LNG industry must make a strategic decision on where to go and how. It is for the purpose of pointing out the way forward for the industry that we, jointly with ARA, convened the International LNG DevelopmentForum, China, 2006 in Beijing from July 25 to 26, 2006. The forum examined LNG market demand and supply and the medium- and long-term trends of development in the LNG price in the Asia Pacific region and the whole world at large, and studied the practices of China’s neighboring countries in LNG development in the hope of providing focused experience for the Chinese LNG industry. Highlighting the need to keep up with the latest trends of development, in line with the specific national conditions of China, consistent with market demand, and with a view toward multi-party involvement and unified planning, improvement of targeted policies and diversity in LNG development, the forum calls on the Chinese LNG industry to make the right strategic proposals and capitalize on the opportunities available to achieve steady, sustained, sound and rapid development.展开更多
文摘The continued spike in the global oil price turns alternative sourcesof energy, clean energy in particular, into a growing interest to the public. As environmentally friendly energy, natural gas attracts increasing attention. The LNG industry is still in its infancy in China. The Guangdong LNG project, the first LNG project ever undertaken in China, was brought into operation on June 28, 2006. However, the market conditions faced by other LNG projects to be launched have changed a lot since the Guandong project was negotiated. The global LNG market has changed from a buyer’s to seller’s market since 2005, with the LNG price continuing its upward spiral. Under the pressure of the shrinking LNG supply and soaring price, the Chinese LNG industry must make a strategic decision on where to go and how. It is for the purpose of pointing out the way forward for the industry that we, jointly with ARA, convened the International LNG DevelopmentForum, China, 2006 in Beijing from July 25 to 26, 2006. The forum examined LNG market demand and supply and the medium- and long-term trends of development in the LNG price in the Asia Pacific region and the whole world at large, and studied the practices of China’s neighboring countries in LNG development in the hope of providing focused experience for the Chinese LNG industry. Highlighting the need to keep up with the latest trends of development, in line with the specific national conditions of China, consistent with market demand, and with a view toward multi-party involvement and unified planning, improvement of targeted policies and diversity in LNG development, the forum calls on the Chinese LNG industry to make the right strategic proposals and capitalize on the opportunities available to achieve steady, sustained, sound and rapid development.
