Coal and renewables gear up for China demand fight
The engine of global gas demand growth may be at risk of a fuel problem
The prominence of gas in changing China’s coal-dominated power mix may face more substantial challenges than forecast from renewables and so-called ‘clean coal’—potentially calling into question the electricity sector’s oft-touted future role as a pillar of Chinese gas demand growth. Until recently, the consensus view was that the power sector would be a major contributor in bolstering China’s future gas consumption. Growth in gas demand for power generation grew by an estimated 30pc in 2018, with 281TWh of electricity produced from the cleaner-burning fuel, according to the IEA. The IEA forecast in 2018 that gas demand from China’s power sector would reach 84bn m³ by 2023, up from 50bn m³ i
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them