CHINA – Demand for jet fuel is likely to grow by an average annual rate of 11% through 2015, according to the country’s near-monopoly jet fuel supplier China Aviation Oil (CAO). This increase would track the annual growth rate of 12% for China’s civil aviation industry through 2015, CAO added (JFI Feb.13’12). CAO expects China’s jet fuel import volumes to stay largely stable due to anticipated increases in Chinese refining capacity, the company said in a presentation. In 2011, China imported an average of 134,000 b/d of jet kerosene while exporting 143,000 b/d, according to official government data. CAO is also the largest physical trader of jet fuel in the Asia- Pacific region and saw its total jet fuel supply and trading volumes both within and outside China jump by 17% to 8.37 million tons in 2011. In 2010, CAO had traded and supplied 7.17 million tons of jet fuel.
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