×
×
Policy & Regulation

Policy push needed to reignite China’s gas momentum

Gas will continue to require policy support in the coming years if it is to meet China’s lofty goal of contributing 15% to the national energy mix by 2030 Gas will continue to require policy support in the coming years if it is to meet China’s lofty goal of contributing 15% to the national energy mix by 2030.
By Colin Shek 27 January 2020 Asia Pacific / LNG 0 34967
The Ningbo LNG terminal in China. (CNOOC)

Policy uncertainty has unsettled the outlook for gas in China, which many expect to overtake Japan as the world’s leading LNG importer early this decade.

It remains unclear if gas will remain a focus for China in its 14th Five-Year Plan (FYP), the country’s upcoming top-level policy blueprint covering economic and industrial development from 2021 to 2025. But what remains true is that gas will continue to require policy support if it is to meet China’s lofty goal of contributing 15% of the national energy mix...