China to Receive First LNG Shipment from Australia in May

China, the world’s biggest energy user after the U.S., will receive its first shipment of liquefied natural gas from Australia next month as the country starts operating a receiving terminal for the fuel.

China wants to more than double the share of its energy produced from gas to 8 percent by 2010 to cut pollution and reduce the country’s reliance on coal and crude oil. The cargo is the first under a A$25 billion ($19 billion) supply contract with Australia. LNG is natural gas cooled to a liquid for transport by ocean tanker.

bloomberg