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China Is Expected to Become World’s Biggest Natural Gas Buyer by 2040

  • LNG will get biggest share of global gas trading with 60%
  • EU demand slides on renewables push, Russia stays top supplier
Access To BG Group Plc's Offshore Armada Gas And Condensate Platform Ahead Of Their Merger With Royal Dutch Shell Plc
Photographer: Simon Dawson/Bloomberg

China, the driver of global demand, is forecast to become the world’s largest gas-buying country with net imports approaching the level of the European Union by 2040, according to the International Energy Agency’s the World Energy Outlook.