Asia Pacific: Production

March 2016

Gas production in China and India will fail to keep up with market growth in both countries.

The supply-demand gap in China widened at the start of 2016. While demand increased by nearly 18% year on year in January, domestic production rose by just 4%. This is a slowdown from the growth rates seen for 2015. Updated figures for China show production reached 135 bcm in 2015, up by 6% from 2014 levels. In 2016, low oil and gas prices will hit upstream investment at China’s NOCs, meaning domestic supply growth is likely to lag behind demand growth – leaving room for cheap imports to move in.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Log me in

Not a subscriber?

Sign up for 7-day trial access to this and more premium content. It's free.

Sign up now