China Unleashes Army of LNG Upstarts Hungry for Spot Supply
- Second-tier gas firms issue flurry of spot LNG import tenders
- Reforms have improved access to pipelines, import terminals
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China’s smaller liquefied natural gas buyers are seizing on reforms that’ve opened access to import infrastructure to boost competition, issuing a spate of tenders for the fuel over the past month.
The second-tier gas firms, including Guangdong Energy Group Co. and Shenzhen Energy Group Co., are forecast to continue to seek more cargoes with spot LNG prices low, adding a new source of demand for global exporters, according to energy consultant FGE.