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At the China Natural Gas/CNG/LNG Distribution International Conference held on March 18th, Shi Wei, deputy director of the Strategic Research Institute at Sinopec Economic and Technological Research Institute, emphasized that China's apparent natural gas consumption was expected to reach 190 billion cubic meters in 2014, making up 4.5% of global consumption. By 2020, this figure had nearly doubled to 360 billion cubic meters, accounting for 9.5% of the world total, with an average annual growth rate of around 7%. She further stated that over the next decade, China is set to experience a period of rapid and sustained development in its natural gas sector. This growth is not only driven by domestic demand but also supported by government policies promoting cleaner energy solutions. As the country continues to prioritize environmental sustainability, the role of natural gas is expected to become even more prominent in the national energy mix.
China will usher in the golden decade of natural gas development
Abstract As environmental concerns grow and energy structures continue to evolve, natural gas is gaining increasing recognition as a clean and sustainable energy source. Industry experts have highlighted that in recent years, both the production and demand for natural gas in China have seen significant growth, contributing to a rising share of primary energy consumption. It is anticipated that China will enter a golden era of natural gas development in the coming years.