, Shanghai, China
With an annual growth rate of 12%, natural gas is becoming one of the most rapidly-growing energy industries in the world. China has become the 4th largest natural gas consumer in the world. By the year 2011, there were over 20 LNG projects constructed on the coastal areas in China, of which five have been put into operation. By the end of 2011, China had over 40 LNG plants under construction and over 20 put into operation, with a total output of 2.5 million ton/year. As of 2015, the total capacity of LNG plants in China is expected to reach 7.5 million tons/year. Apart from LNG plants, China has also built 5 import LNG terminals and based off of China’s 12th five-year congress, they are planning to build 13 import LNG terminals and China’s receiving capacity will reach around 65 million tons/year.