Supply & Demand

China to see two decades of rapid gas demand growth

A flurry of recent forecasts from industry experts has shored up faith that China’s massive gasification campaign will more than double the country's gas demand over the next 20 years A flurry of recent forecasts from industry experts has shored up faith that China’s massive gasification campaign will more than double the country's gas demand over the next 20 years.
By Colin Shek 8 November 2018 0 33216
Chinese President Xi Jinping at the Shanghai Expo opening ceremony Xi Jinping at the opening ceremony of the Expo in Shanghai. (PA)

Recent long-term forecasts for China’s gas demand continue to paint a bright outlook for the world’s third-largest gas market, with projections from industry officials suggesting consumption will expand strongly for the foreseeable future.

Chinese gas demand is set to continue growing rapidly until 2035. It will more than double over the next two decades to feed a massive gasification campaign before slowing down and peaking at around 2040, Zheng Jun, vice president of PetroChina International, told an industry forum at the China International...