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The IEA commentary says China's gas demand grew 15% in 2017 and preliminary 2018 data show double-digit growth. China is on track to become the world's largest gas importer.
The IEA projects China's LNG demand to quadruple by 2040.
Rising Chinese LNG demand is a structural support for global gas prices and competes for cargoes with other importers.
iea.orgFeb 6, 2019After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
