China’s Natural Gas Consumption To Rise 10 Pct On Yr In 2018 – CNPC Research


China’s Natural Gas Consumption To Rise 10 Pct On Yr In 2018 – CNPC Research

China’s natural gas consumption will rise by 10 percent in 2018 to 258.7 billion cubic metres (bcm), China National Petroleum Corp (CNPC) forecast on Tuesday, boosted by a steady push to replace coal with the cleaner fuel to curb air pollution.

CNPC also forecast in its annual outlook, released by the state oil giant’s research institute, that China’s total natural gas imports will grow by 13.4 percent from 2017 volumes to 105 billion cubic metres (bcm) this year.

While urban and industrial users will continue to drive the growth in use of natural gas, the pace of increase is expected to ease from last year’s 17 percent, CNPC said.

The grow in gas imports is also down from a more robust 27 percent in 2017. Read More…

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