LONDON, April 18, 2013 /PRNewswire/ --
China's 12th 5 year plan identified that natural gas will account for up to 8% of its energy mix by 2015. With natural gas set to replace traditional energy supplies, China is employing a multifaceted approach, both importing their LNG supply and developing their current facilities and projects to secure the future for China's energy mix.
In the interview, Prof. Gu, shared his thoughts on the role LNG played in China's energy mix, the impact the plan had for developing infrastructure and technologies for small and midscale projects and other implications and developments for China's small and mid-scale LNG industry.
He mentions that in comparison to major exporters such as Qatar or Malaysia, China's facilities are far smaller and are small and mid-scale in size. The plan outlines that the development of these facilities will come in 2 phases and will not only secure sources and the supplies of natural gas but the distribution of the resources across the country.
"China is rapidly consuming energy, and the situation is very clear; in 2010 we saw that the overall demand for energy versus the supply available had major disparities and this gap will most likely increase as we progress into 2020, and how will natural gas be able to fulfil this demand and fill this gap? Recently it seems that there has been a consensus that LNG will be able to play this role."
(Mr Gu added)"According to studies conducted by the China LNG Associations there are around 60 small and mid-scale LNG facilities in operation with around 40 more undergoing construction; the US alone has more than 100 small and mid-scale LNG facilities." China has much potential for development and investment in technologies and infrastructure for the small and mid-scale LNG industry.
At the 2nd Annual Emerging Small & Mid-Scale LNG Asia Forum in Singapore, Mr Gu will join a panel of international and regional speakers in a series of commercial and technical presentations based on key issues surrounding small, mid and micro LNG in the Southeast Asia region. Mr Gu will present "Small and Mid-Scale LNG Developments in China: An Update"
Exhibitors and sponsors include Bureau Veritas, Gasfin, GTT, Linde, Technip and Simmons & Simmons.
Download the interview at http://www.smallandmidscalelngasia.com
SOURCE dmg :: events