From AXIOS – Adapted from The Oxford Institute for Energy Studies 

 short paper from an Oxford Institute for Energy Studies researcher looks at China’s soaring demand for natural gas and ways it could meet growing import reliance. 

Why it matters: China has become the world’s largest gas importer as demand has greatly outpaced domestic production, as the chart above shows. 

Import reliance reached 43% last year, compared to just 5% a decade earlier (!), and LNG meets well over half of those import needs, notes OIES senior research fellow Stephen O’Sullivan. 

The big picture: “While China has few short-term options to mitigate the strategic vulnerabilities associated with rising seaborne supplies, it may increasingly turn to Russia as a source of imported gas,” he writes. 

Read the full report here. 


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