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Abstract In 2022, China’s natural gas industry had weak supply and demand, and for the first time in 40 years, the natural gas consumption experienced negative growth, with an apparent consumption of 366.3 billion m3, a year-on-year decrease of 1.7%. The production and reserves of domestic gas continued to increase, with a production of 216.9 billion m3, and an increase of over 10 billion m3 of production for six consecutive years. Imported natural gas had a significant decline for the first time, with imported pipeline gas and LNG totalling 148.5 billion m3 in 2022, a year-on-year decrease of 10.9%. In 2023, China’s macroeconomics will continue to recover, and the low-carbonization development of clean energy under the dual-carbon strategy will promote rapid growth in the natural gas market. The demand increment and growth rate will be significantly higher than that in 2022, with an expected growth rate of 5.5%-6.8%.
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Published: 04 November 2024
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2023, Vol. 30 
