Woodside, page-438

An increase in the amount of new liquefied natural gas (LNG) capacity coming online is expected to affect market dynamics in 2025 and 2026 by easing some of the tightness and unlocking price sensitive demand. Global LNG capacity is expected to expand by 25% between 2022 and 2026, with the United States consolidating its position as the world’s largest LNG exporter through the construction of new liquefaction plants. Growth in LNG supply signals a shift to a more globalised gas marketplace, which will improve resiliency and the ability of suppliers and consumers to respond to supply and demand shocks.
https://www.iea.org/news/after-peak-in-mature-markets-global-gas-demand-is-set-for-slower-growth-in-coming-years

just a quick google search, but easy to find the information.

Key is to be producers at lowest cost. And CNOOC has one of the lowest costs of production in the world, plus little grean tape.
All three China major oil players also benefit from buying Russian gas and oil (and so does India). There is a significant profitable price arbitrage happening here for the Chinese players.