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PetroChina predicts massive Chinese gas demand growth

The country’s consumption of the fuel will double over the next 15 years, the company says

China’s top natural gas supplier signalled a surprisingly bullish outlook for the fuel at an industry conference in Shanghai today. Beijing’s recent landmark decision to overhaul its coal-dominated energy system puts gas on track to be the only fossil fuel that will expand its share of the Chinese energy mix. The goal of carbon-neutrality by 2060 will require China to kick its longstanding addiction to coal while building unprecedented amounts of intermittent wind and solar capacity. This opens the door for the country’s annual gas demand to roughly double over the next 15 years, reaching 600bn m³/yr by 2030 and 620bn m³/yr by 2035, a representative of PetroChina Natural Gas Marketing Co. t

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