Cheniere(US:LNG) Xin Hua Cai Jing·2025-05-13 07:13Core Insights - The 29th World Gas Conference (WGC2025) will be held in Beijing from May 19 to 23, marking the first time the event has taken place in China since its inception in 1931 [4] - Cheniere Energy emphasizes the critical role of natural gas and liquefied natural gas (LNG) in ensuring energy reliability, economic viability, and decarbonization over the coming decades [1][2] Industry Trends - Global natural gas consumption is projected to reach a historical high in 2024, with LNG's advantages in energy security and reliability becoming increasingly apparent [2] - Demand for reliable and low-cost LNG is at an all-time high, with expectations that LNG demand will nearly double by 2040, reaching approximately 700 million tons annually [2] Market Dynamics - The Chinese natural gas market is described as vibrant and flexible, with evident growth momentum across all major sectors, including transportation and power generation, driving an increase in LNG imports [2] - Cheniere Energy believes that LNG will play a vital role in China's energy security and reliability [2] Supply and Demand - The company highlights the importance of increasing LNG supply to meet the growing demand for natural gas in the coming decades [3] - Cheniere Energy plans to double its liquefaction capacity to over 90 million tons per year, with significant expansions underway at its Corpus Christi and Sabine Pass projects [3]