Qatar and Russia set to benefit from China’s robust LNG demand

Qatar and Russia set to benefit from China’s robust LNG demand

Among major liquefied natural gas (LNG) suppliers, Qatar, as well as Russia and African producers, look set to benefit from China’s rising demand for the fuel, according to FitchSolutions.

China LNG demand continues to expand and suppliers in Qatar, Russia, and Africa, look set to benefit as China seeks to diversify its import mix that has become more reliant on Australian LNG in recent years.

“LNG demand in China continues to show resilience despite the global pandemic, proving to be a beacon of strength in the global LNG market as deliveries headed elsewhere encounter fresh headwinds. Through Q1 2021, China’s LNG imports are up by 10.3% year on year, due to strong seasonal demand and the conversion to gas from coal across factories and households,” Fitch said in its latest report.