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

Also in this section
7 February 2025
The history of tin production and prices offers a preview of the future oil market. If correct, $35/bl could become the new normal for crude for several years without further OPEC+ intervention
7 February 2025
Changing oil demand patterns mean different downstream economics amid switch to naphtha, LPG and other petrochemicals
6 February 2025
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
6 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors