China Banks On Natural Gas As Oil Production Tanks

30 Jun 2017   China

Imports and domestic output of natural gas are outpacing government projections in China as the country works toward a goal of making the fuel 10 percent of its energy consumption by 2020. Official data for domestic production and imports shows that the total amount of natural gas available in China in the first five months of the year was approximately 72.0 million tons, up 5.9 percent for the same time frame last year. The increases are more than double the annual rate needed in order for China to increase natural gas’ share of energy consumption from its current 5.9 percent to 10 percent by the end of the decade, Imports and output of natural gas rose more than twice the expected amount this year in China Imports and domestic output of natural gas are outpacing government projections in China as the country works toward a goal of making the […]

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