Global Markets

China to dominate gas demand growth to 2040 – IEA

China is set to step on the gas over the next two decades, with a tripling in demand helping it to become the world’s second-largest market for the fuel China is set to step on the gas over the next two decades, with a tripling in demand helping it to become the world’s second-largest market for the fuel.
By Colin Shek 14 November 2017 0 28370
A gas-fired power station in Beijing. A gas-fired power station in Beijing. (Huaneng)

China will account for around one-quarter of new global gas demand over the period to 2040, and will be the world’s second-largest gas consumer by that date, according to the Paris-based International Energy Agency (IEA).

Chinese gas demand will surge from 210 billion cubic metres in 2016 to 610 bcm by 2040, second only to the United States, the IEA said on Tuesday in its latest World Energy Outlook. This increase of 400 bcm will represent 24% of global gas consumption growth over the...