Increasing Chinese NG consumption may lower domestic crude demand by 10%.

摘要

As the government looks to utilize more vehicles that run on natural gas to lower pollution within the country and decrease energy imports, an estimate from analyst Wood Mackenzie says the shift towards natural gas-powered vehicles that run on liquefied natural gas (LNG) and compressed natural gas (CNG) could reduce oil demand within China by up to 10% or 840K b/d and push domestic natural gas use to 55B m~3 (1.9 trillion cf) by 2030. Previously, the country had set a goal for 10% of its energy consumption to be derived from natural gas by 2020. Compared to diesel and gasoline, natural gas emits 28% less CO2 and 90% less SOx.