Released on: October 19, 2007, 1:56 am

Press Release Author: Shushmul Maheshwari

Industry: Energy

Press Release Summary: Energy hungry China is now preparing to dump coal for LNG.
The country is building LNG terminals and importing LNG from other countries to
curtail its oil dependence and greenhouse gas emissions.

Press Release Body: Depleting coal and petroleum resources, growing concern for
increasing pollution, and the need to diversify the energy mix has compelled the
countries all over the world to look for other energy sources to fall on to. And
this has prompted the leading market research company RNCOS to come up with a market
research report on LNG (Liquefied Natural Gas), a clean energy source. The report,
called “Global LNG Market – The Road Ahead”, gives an insight into
the LNG industry in different countries. According to the IEEJ, 2006, in China, the
short-term LNG demand (by 2010) is expected to reach seven million ton while the
long-term demand (2020) would touch 17 Million Ton mark.

China is the second largest energy consumer in the world and since past some years,
it’s working to increase the share of clean energy in its energy supply mix to
check oil dependence and reduce greenhouse gas emissions. So the three largest
state-owned energy companies of the country are planning to construct around 11 LNG
terminals on the eastern coast of the country to amplify its LNG import capacity.

A Senior Research Analyst at RNCOS opines, China has a coal-dominated energy sector
and use of gas has remained modicum. However, owing to dynamic economic growth, a
policy to hike the proportion of clean and efficient fuels in the energy mix, and
the expansion of natural gas infrastructure, there is a strong growth potential of
natural gas consumption in the country.

As the country is gradually shifting to LNG, on September 9, 2007, the mammoth oil
and gas producer of China, the China National and Petroleum Corp., inked an initial
contract with Woodside Petroleum Ltd., the largest publicly traded oil and gas
producer in Australia. The contract was signed over a probable LNG deal that could
result in import of 2-3 Million Tons of LNG annually into China for next 15-20
years. Presently, China has long-term contracts with Indonesia and Australia only.

Besides China, the \"Global LNG Market - The Road Ahead\" reviews the global LNG
industry at both regional and country-level, segmented into LNG importing (Japan,
India, US, France and Russia) and exporting (Australia, Brunei, Oman, Qatar,
Trinidad & Tobago, Nigeria, and Algeria) countries. It rationally evaluates future
of the global LNG industry by taking into account the current economic performance
of various countries, competitive demand, regulatory environment, driving forces,
opportunities, and challenges for the industry.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.
For more information visit: http://www.rncos.com/Report/IM556.htm
Current Industry News: http://www.rncos.com/blog


Web Site: http://www.rncos.com

Contact Details: RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com