The global natural gas market has developed rapidly over the past five years and it still has some evident regional characteristics. North America, Europe and Asia Pacific have formed three major markets with different regional characteristics according to their own resource endowments. In the future, the global natural gas market as well as the process of globalization will both continue to develop further as countries move towards their carbon neutrality goals. Meanwhile, natural gas and renewable energy will complement each other to achieve integrative development. This paper mainly reviews the development of the international natural gas market over the past five years and makes predictions for the next fivey ears.

 

 

 

 

Since the establishment of PipeChina in 2019, China’s oil and gas system reform has been substantially promoted, the natural gas industry policies have been further improved, and the development of China’s natural gas industry has entered a new stage. This paper analyzes China’s natural gas industry policy in 2020 by using the content analysis method, and summarizes that China’s natural gas industry policy in 2020 mainly includes: comprehensive follow-up and highlight key points; people-oriented and adjusting to changing circumstances; adapting to local conditions and accurate implementation. At the same time, under the background of China’s oil and gas system reform and the goals of achieving carbon neutrality and peaking carbon dioxide emissions, it is speculated that China’s natural gas industry policy will develop based on the following three aspects: (1) oil and gas system reform will remain an important policy issue; (2) the natural gas industry policy will further promote a fair and open market environment; (3) the natural gas industry policy will try its best to achieve the goals of carbon neutrality and peaking carbon dioxide emissions.