China’s natural gas demand to hit 200 billion cubic meters
BEIJING, Feb 02 (INP): China’s consumption of natural gas is expected to hit 205 billion cubic meters this year, an increase of 7.3% on the previous year, People’s Daily reported.
A report released by the China Economic and Technical Research Institute of CNPC saysthat lower prices and tighter environmental regulations will boost the demand for naturalgas. But the overall supply still exceeds demand.
It is estimated that in 2016, natural gas will make up 6.4 percent of primary energyconsumption. Of that, urban gas consumption will be 82.7 billion cubic meters, with anincrease of 9.1%; gas consumption for electricity generation will be about 31.9 billion cubicmeters, up 8.7%; gas consumption for industrial fuel is expected to be 61.1 billion cubicmeters, up 6.1%; gas consumption for chemical use will be 29.3 billion cubic meters, up3.7%.?
The report also says that China’s natural gas supply will undergo steady growth and reach208 billion cubic meters this year. The supply of natural gas produced in China will reach139 billion cubic meters. Cheaper natural gas will reduce the production of coal-bedmethane, shale gas and coal gas.
The annual imported natural gas is expected to reach 69 billion cubic meters this year,including 1.6 million tons (about 30 billion cubic meters) of liquefied natural gas (LNG).