Asia Pacific: Consumption
Chinese gas consumption soared in H1, boosting the outlook for demand growth for the year as a whole. Demand is also expected to rise elsewhere in the region.
China’s gas demand rose to roughly 18 billion cubic meters in June, supporting annual growth of 15% in H1. Increases in gas use were relatively modest at the start of 2017, with demand rising by just 1% year on year in January. However, government policies supporting gas have pushed use of the fuel to higher-than-expected levels since the start of the year. This has driven up expectations for gas consumption in 2017 as a whole, with an annual rise of around 13% anticipated.