China's 2020 Gas Consumption to Reach 320 Bcm: CNPC
BEIJING (Reuters) - China's gas consumption in 2020 is expected to rise to around 320 Bcm, while the pace of gas import growth is set to slow sharply this year, state energy group China National Petroleum Corp's (CNPC) research arm said on Thursday.
Gas consumption this year is seen exceeding 300 bcm, up 9% from 2018, Jiang Xuefeng, vice chairman at CNPC's Economics and Technology Research Institute (ETRI), said at a briefing in Beijing on Thursday.
Gas imports are expected to rise 8% this year to 133 bcm, he said, a slower pace from the bumper growth rate of 31.9% in 2018.
This comes at a time when China and Russia have recently launched a landmark "Power of Siberia" pipeline to deliver gas to China's south and east.
Jiang expects gas production to rise 9% to 170 bcm in 2019. These estimates are in line with those from the state planner.
In January to October, output rose 9.3% to 142.3 bcm.
China recently set up a state oil and gas pipe firm to provide fair market access to infrastructure that has mainly been controlled by three state oil groups.
Related News
Related News
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- 208-Mile Mississippi-to-Alabama Gas Pipeline Moves Into FERC Review
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
Comments