Low prices spur rising Chinese gas demand
Q2 demand growth is looking robust after a strong Q1
China’s gas demand maintained a double-digit pace of growth in the first quarter of 2024, driven by robust consumption from industry, power and transport. The strong gas burn across sectors puts demand on track to increase by 9% in the first six months. First-quarter demand growth amounted to 11.9% year-on-year, reaching 108.26bcm and marking a slight deceleration from growth of 14.8% in the first two months, according to the latest data from the state planner the National Development and Reform Commission (NDRC), released in early May. Consumption in March alone climbed by 6.4% year-on-year, to 35.75bcm. Over the same period, domestic gas production increased by 5.2%, to 63.2bcm, while comb
![](/images/white-fade.png)
Also in this section
25 June 2024
This time feels different for Africa as it looks to deliver on its gas promise and potential
24 June 2024
The addition of US crude to the world’s top oil benchmark has finally solved its North Sea conundrum and laid down a marker for the future
21 June 2024
Panoro Energy’s senior advisor, Tim O’Hanlon, is upbeat on Gulf of Guinea upstream opportunities but highlights gas and LNG as next big growth story
20 June 2024
Emir Sheikh Mishal al-Ahmad al-Sabah’s dissolution of parliament gives him more power to shape decisions on the country’s oil and gas future