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China Gas Information
Comprehensive news media November 25, Goldman Sachs global head of commodities research at Jeff Currie who said Wednesday that China will absorb the 2013 surplus of liquefied natural gas worldwide (LNG), to rebalance the global gas market.
Currie Oil Council in London to attend the meeting, said China is currently building LNG regasification import terminals, most of the world upon completion, will be able to absorb surplus LNG.
Currie said that the current situation in the global LNG market surplus production from U.S. shale gas explosion caused. He predicted that by 2011, because of the recent increase in U.S. shale gas production resulting from increased natural gas production will end the situation, which would reduce the U.S. supply of natural gas to increase the global market implications.