A new report from the Department of Industry, Innovation and Science has revealed that China’s demand for imported liquefied natural gas (LNG) could increase to 38% by 2030, depending on the government’s policy changes.
“China faces major challenges as it seeks to rebalance its economy from investment-led growth to consumption-led growth. An implication of moving to a consumption-driven economy is a decline in the share of high energy–intensive industrial sectors and an increase in the share of low energy-intensity services,” chief economist Mark Cully said on Tuesday.
