Deloitte Oil and Gas Spotlight
China LNG: Surfing the mobility wave
China has high expectations for liquefied natural gas (LNG) development, especially for automotive, mass transit, and truck applications. Petrochina recently announced plans to cooperate with several municipal governments in promoting LNG-fuelled buses. China's LNG industry is witnessing a gradual liberalization with downstream opportunities opening up for new entrants, particularly in gas retailing. LNG is certain to play an increasing role in powering mobility in China, but how important will it be?