China’s import dependence to hit fresh high – SCI

China’s rising reliance on imported gas is set to breach 40% this year, but concerns over energy security have been played down China’s rising reliance on imported gas is set to breach 40% this year, but concerns over energy security have been played down.
By Tang Tian 14 June 2017 0 26359
The launch of Sinopec’s Beihai terminal has helped to increase the share of LNG in China’s import mix. (Sinopec)

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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