Related Articles
Storage tanks at the Sinopec Tianjin LNG terminal
Forward article link
Share PDF with colleagues

Chinese gas demand growth to slow

Consumption will continue to rise over winter, but a stalling post-Covid recovery will put a brake on the market’s expansion

China’s gas demand is set to maintain momentum through to the end of the year as the domestic market gears up for the peak winter demand season. But growth rates are likely to slip as the country’s post-Covid comeback stalls. China’s gas consumption is forecast to grow by around 17bn m³ in the second half of 2021, assuming typical winter weather towards the end of this year. This would be equivalent to a 10pc increase from the same six months of last year. While this growth is still strong, it would be a slower pace than the increase of 29bn m³—or 19pc—seen in the first half of this year. China’s post-pandemic economic recovery has been buffeted by various headwinds in recent mon

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beijing strives to balance security and decarbonisation
15 October 2021
The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years
Occidental exits Ghana
15 October 2021
The US super-indie is divesting its assets in the country
Gran Tierra cranks up the gears
14 October 2021
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video