SHANGHAI – China's natural gas industry has entered the "golden" period of development. According to China's LNG Usage Plan, demand for natural gas will reach 300 billion cubic meters while LNG production capacity will reach 240 billion cubic meters by 2020. In the next 10-20 years, LNG will become the main force in China's natural gas market. Currently China has approved more than 10 LNG Terminal Projects and there are more than 20 under construction or in the planning stage.
Supported by Shanghai Lingang Economic Development (Group) Co. Ltd, the 3rd Annual China LNG Terminal Summit 2011 focused on the state of China's ongoing LNG projects as well as their equipment and service needs. With over 110 attendees the event included major gas companies, power companies, and energy groups across China who came together to discuss the development of the most advanced technology and to find the best solution providers