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 widely anticipated that China will enter a golden era of natural gas development in the coming years.

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, stated that China's apparent natural gas consumption was expected to reach 190 billion cubic meters in 2014, accounting for 4.5% of global consumption. By 2020, this figure had climbed to 360 billion cubic meters, representing 9.5% of the world total, with an average annual growth rate of 7%. She emphasized that over the next decade, China is poised to experience a transformative phase in its natural gas industry, driven by policy support, technological advancement, and growing environmental awareness. This period is expected to bring not only expanded infrastructure but also greater efficiency and sustainability in energy use across the country.

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