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Industry and city-gas drove China’s natural gas consumption in 2023. In 2023, China consumed 394.5 billion cubic meters (bcm) of gas, a year-on-year increase of 7.6 percent. Industry and city gas, which includes residential and transport use, accounted for most of the incremental demand growth of 28.2 bcm. While industry was the largest ...
The Chinese government’s goal is to continue to supply more than half of China’s gas needs with domestic production. The China Natural Gas Development Report 2023, released in July, provides a window into how leading Chinese government agencies view Chinese and global gas markets.
China's current stance on natural gas is to increase its use and production as part of its efforts to reduce greenhouse gas emissions and improve air quality.In China's latest energy development plan, it expect natural gas to make up 10% of total energy consumption by 2020 and 15% by 2050.
Where does China get its natural gas? What is the climate impact of natural gas in China? How is natural gas used in China? Natural gas supply. Many people are familiar with natural gas from its use in homes for cooking and heating, but it is also an important fuel for power generation and is used to manufacture chemicals and plastics.
More than half of the natural gas consumed in China in 2021 came from domestic production, but China also imported record amounts of natural gas by pipeline and as liquefied natural gas (LNG), based on data from Global Trade Tracker and China’s General Administration of Customs.
China’s demand for natural gas is set to increase strongly in the years ahead as it transitions to cleaner energy sources. The country has already signed a number of long-term liquefied natural gas (LNG) contracts with the United States to ensure supply and reduce exposure to volatile spot prices.
As natural gas demand surges in China, driven by the coal-to-gas switching policy, widespread attention is focused on its impacts on global gas supply-demand rebalance and greenhouse...
In 2023, 7%, or 2.6 billion cubic feet per day (Bcf/d), more natural gas was consumed in China than in 2022, after a decline of 1.1% in 2022 when economic growth was slower, mainly due to China’s zero-COVID policies, leading to a reduction in natural gas consumption.
China’s liquefied natural gas (LNG) imports decreased by 20% in 2022, moving China down a spot to the second-highest global LNG importer, behind Japan.7. Petroleum and Other Liquids . China was the fifth-highest petroleum and other liquids producer in the world in 2022.
TOKYO, March 3 (Reuters) - Natural gas demand in China is likely to grow this year as the economy recovers, but whether the country's imports of liquefied natural gas (LNG) rebound will...