Global Markets

China to maintain strong gas growth to 2020 – ENN

City gas distributor ENN Energy has added its weight to the view that booming Chinese demand growth this year will not be a one-off City gas distributor ENN Energy has added its weight to the view that booming Chinese demand growth this year will not be a one-off.
By Colin Shek 29 November 2017 0 28597
ENN gas tanks. ENN gas tanks. (ENN Energy Holdings)

One of China’s biggest independent gas distributors is confident Chinese demand for the fuel will maintain double-digit growth up to 2020, by which time it will meet 10% of the country’s energy needs.

“I believe at least for the next three years, the demand will grow [by] at least 10% […] every year,” said Ma Shenyuan, senior vice president of Hong Kong-listed ENN Energy Holdings, at Bloomberg New Energy Finance’s Future of Energy Summit in Shanghai.

China appears on track to achieve its goal of having gas...