Global Markets

Chinese gas consumption to hit 620 bcm/y by 2035 – CNPC

China’s gas consumption will reach 620 billion cubic metres per year by 2035 and rise to 695 bcm/y by 2050, CNPC’s Economics and Technology Research Institute forecast on Tuesday
By Staff reporter 19 September 2018 0 32612

China’s gas consumption will reach 620 billion cubic metres per year by 2035 and rise to 695 bcm/y by 2050, China National Petroleum Corp.’s Economics and Technology Research Institute forecast on Tuesday in its latest global energy outlook.

Chinese gas production will reach 300 bcm/y in 2035 and 350 bcm/y in 2050.

Global gas demand will top 5.5 trillion cubic metres per year by 2050, with Asia accounting for 40% of the increase over the next three decades. Gas will make up 27.5% of the...