China’s dependence on gas imports could hit a record high of 40% this year as stagnant domestic output fails to keep up with surging industrial demand driven by a structural shift away from coal.
Shanghai-based energy consultancy SCI International expects China’s import dependence to top 40% in 2017, up from 35% in 2016, when apparent consumption hit 205.8 billion cubic metres and imports reached 72.1 bcm.
SCI’s forecast is higher than other industry estimates. China National Petroleum Corp.’s research arm predicted in January that imports would...
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