China’s gas consumption will reach 323 billion cubic metres per year by 2020 and 540 bcm/y by 2030, Wood Mackenzie said on Friday.
Gas will account for 8% of the country’s energy mix by 2020 and 12% by 2030, Woodmac added.
If correct, the forecast means China will miss its official targets, which are for gas to meet as much as 10% of its energy mix by 2020, rising to 15% in 2030.
Chinese LNG demand will exceed contracted volumes from 2018, creating the need for additional contracts,...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up