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Policy & Regulation

China's output growth to moderate in coming years

China’s gas production last year expanded by the highest level in nearly a decade, but the rate of growth is unlikely to be sustained over the upcoming 14th Five-Year Plan period China’s gas production last year expanded by the highest level in nearly a decade, but the rate of growth is unlikely to be sustained over the upcoming 14th Five-Year Plan period.
By Tang Tian 30 January 2020 Asia Pacific / Exploration & Production 0 34974
China's first shale gas liquefaction plant in Sichuan. (Jereh Oilfield Services)

The key issue: China’s gas output in 2019 expanded by 11.5% year on year, to 177.7 billion cubic metres, the NDRC said last week. This marked the largest increase since 2010.

Interfax analysis: Future gas production growth in China will come mainly from unconventional gas and greater private and foreign investment in the state-monopolised upstream sector following a recent relaxation of rules.

But last year’s production growth rate is unlikely to be sustained over the 14th Five-Year Plan (FYP) period from 2021-2025, with consumption probably weaker...