Global LNG Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
Home LNG Contracts & Pricing

China’s gas demand growth trajectory

Editor by Editor
2 years ago
Reading Time: 1 min read
Gas prices China
Share on FacebookShare on TwitterShare on Linkedin

China’s 13th FYP brought an unprecedented growth to the country’s gas industry. The recently published Natural Gas Development Report gives a good overview of some of those market trends.

RELATED POSTS

LNG-Price-Tends

Weekly review of natural gas and LNG price trends

4 days ago
Europe’s-regas-capacity

The impact of Europe’s LNG regas capacity boom

5 days ago
global-gas-prices

Gas price volatility eased in November

5 days ago

China’s gas consumption grew by close to 70% between 2015 and 2020, accounting for over 30% of global demand growth during that period.

This has been largely driven by an impressive coal-to-gas switching programme, converting close to 20 million users in 5 years, while the gas-fired powgen fleet expended by over 70% to reach almost 100 GW.

Gas production grew by an impressive 43% although not sufficient to keep up with the more rapidly rising gas demand. as such, imports more than doubled and today China is on the verge to become the world’s largest LNG importer. meanwhile, China’s gas import reliance grew from 32% in 2015 to 43% in 2020.

The high pressure transmission system continued to grow, including through the building of additional interconnectors, with its length expanding by over 70% or an impressive 46,000 km.

In terms of underground gas storage, China almost tripled its working capacity from just above 5 bcm back in 2015 to 14.5 bcm in 2020.

Although this is still only about 5% of the country’s annual gas consumption (vs ~20% in the EU). China’s storage capacity will need to build-up more aggressively in the coming years, to keep up with the rapidly rising peak demand during winter (expected to reach 1.5 bcm/d this heating season).

What is your view? What is next for China’s gas market under the 14th FYP? Does the Dragon need more gas?

Source: Greg MOLNAR (LinkedIn)

Tags: China's gas demandGreg Molnar
Editor

Editor

Related Posts

LNG-Price-Tends
LNG Contracts & Pricing

Weekly review of natural gas and LNG price trends

4 days ago
Europe’s-regas-capacity
Infrastructure

The impact of Europe’s LNG regas capacity boom

5 days ago
global-gas-prices
LNG Contracts & Pricing

Gas price volatility eased in November

5 days ago
European-gas-imports
LNG Demand

21% of Russian LNG flowing through EU terminals

1 week ago
natural-gas-and-LNG- prices
LNG Contracts & Pricing

Review of last week’s global natural gas and LNG prices

2 weeks ago
Freeport-LNG
LNG Projects

EIA Reports 7 Bcf Withdrawal From Storage; Freeport Awaits FERC Approval to Resume Service

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

LNG-price-trends

Weekly review of natural gas and LNG price trends

November 22, 2023
flex-driving-marginal- pricing

What is setting global gas prices?

November 14, 2023
lng-price

Weekly review of natural gas and LNG price trends

November 15, 2023

Recent Post

LNG-Price-Tends

Weekly review of natural gas and LNG price trends

December 6, 2023
Europe’s-regas-capacity

The impact of Europe’s LNG regas capacity boom

December 5, 2023
global-gas-prices

Gas price volatility eased in November

December 5, 2023
European-gas-imports

21% of Russian LNG flowing through EU terminals

November 30, 2023
natural-gas-and-LNG- prices

Review of last week’s global natural gas and LNG prices

November 28, 2023
Israeli-gas-production

The Geopolitical Ripple Effect of Israel’s Natural Gas Exports

November 23, 2023

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Esteemed Partners : Design The Future

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Weekly review of natural gas and LNG price trends

The impact of Europe’s LNG regas capacity boom

Gas price volatility eased in November

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise Your Wednesday!

SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. EVERY WEDNESDAY!