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2019-10-25 09:25:00

CHINA'S GAS DEMAND WILL UP BY 82%

CHINA'S GAS DEMAND WILL UP BY 82%

PLATTS - State-owned Sinopec expects China's natural gas demand to increase by 82% to 510 Bcm in 2030, from 280 Bcm in 2018, driven by continued industrial upgrading and urbanization.

Gas demand growth will come mainly from city gas, industrial usage and gas-powered utilities. Demand is expected to exceed 300 Bcm in 2019, up by almost 10% year on year.

"City gas still has a lot of space for development in China," a company official at an LNG conference in Beijing last week said.

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