China’s gas dream is not over, but will Russia be part of it?

Anyone who doubts China’s long-term commitment to gas should look no further than the recent 27-year supply agreements between China and Qatar, which will take LNG supply beyond 2050. By 2030, China continues to target gas reaching 15percent of the energy mix, up from 10percent today. This implies gas consumption will increase from 390 billion cubic metres (bcm) this year to roughly 600 bcm by 2030, an increase of 50percent or a 6–7percent compound annual growth rate through to the end of the decade. A fascinating set of articles in this report exploring the Chinese energy landscape. See page 55 […]