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| Current Situation and Prospects of the Development of China’s Natural Gas Industry |
| Gao Jie1, Zhao Zhongde1, Zuo Yumei2, Liu Dingzhi1 |
1. PetroChina Planning and Engineering Institute;
2. PetroChina Southwest Oil & Gasfield Company |
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| Guide |
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Abstract In 2018, China's natural gas market reached a new level of development, with apparent consumption of 280.3 billion m3, up by 18.1% over the same period in the previous year. Domestic production grew steadily, reaching 157 billion m3, up by 7.2% over the same period in the previous year. Natural gas imports grew rapidly, with imports of pipeline gas and LNG totalling 124.2 billion m3. In terms of trade types, imports of LNG continue to exceed those of pipeline gas. In 2019, there has been downward pressure on the macro economy, and the development of the main gas sector has slowed down. Driven by environmental protection policies, the natural gas market continues to maintain rapid growth. However, it is difficult for the levels of increment and growth to reach those of the previous two years, and the growth rate of market demand is predicted to reach 10.7%.
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Published: 05 November 2022
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Hu Guosong, Zhang Yunhua, Hu Chen. Global LNG Trade Shifts and China’s Responses[J]. China Oil & Gas, 2019, 26(3): 26-34. |
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2019, Vol. 26 
