China's Gas Demand Forecasts Jump, Setting Up Need for Import Capacity

摘要

Driven by accelerated coal-to-gas switching, ChinaNational Petroleum Corp. (CNPC) last week raised its gas consumption forecast for 2030 to 620 billion cubic meters per year (60 billion cubic feet per day), up 22% from last year's forecast. The state-owned giant puts demand in 2050 at 750 Bcm/yr (69 Bcf/d), up 5% from a year ago. Consumption in 2016 was 2016 Bcm (20 Bcf/d).